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Grayscale Bitcoin Trust
GBTC

647 hedge funds and large institutions have $4.3B invested in Grayscale Bitcoin Trust in 2024 Q1 according to their latest regulatory filings, with 647 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

19.7% more ownership

Funds ownership: 0% → 19.7% (+20%)

Holders
647
Holders Change
+647
Holders Change %
–
% of All Funds
9.32%
Holding in Top 10
28
Holding in Top 10 Change
+28
Holding in Top 10 Change %
% of All Funds
0.4%
New
647
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$841M
2
HKAM
Horizon Kinetics Asset Management
New York
+$729M
3
Morgan Stanley
Morgan Stanley
New York
+$208M
4
Millennium Management
Millennium Management
New York
+$156M
5
Jane Street
Jane Street
New York
+$90.5M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
FIA
51
Foundations Investment Advisors
Arizona
$7.09M +$5.46M +124,162 New
CA
52
Claro Advisors
Massachusetts
$7.07M +$5.45M +123,903 New
William Blair & Company
53
William Blair & Company
Illinois
$6.88M +$5.3M +120,493 New
RWA
54
Redhawk Wealth Advisors
Minnesota
$6.86M +$5.29M +120,231 New
OCM
55
Once Capital Management
New York
$6.8M +$5.25M +119,224 New
LWAM
56
Legacy Wealth Asset Management
Minnesota
$6.61M +$5.1M +115,908 New
MA
57
MONECO Advisors
Connecticut
$6.61M +$5.1M +115,825 New
FTUS
58
Flow Traders U.S.
New York
$6.6M +$5.09M +115,606 New
Wolverine Trading
59
Wolverine Trading
Illinois
$6.57M +$5.06M +115,066 New
Renaissance Technologies
60
Renaissance Technologies
New York
$6M +$4.62M +105,054 New
VHAM
61
Van Hulzen Asset Management
California
$5.88M +$4.54M +103,124 New
GAA
62
Global Assets Advisory
Florida
$5.62M +$17M +386,912 New
BCM
63
Beck Capital Management
Texas
$5.47M +$4.22M +95,928 New
ZF
64
Zhang Financial
Michigan
$5.36M +$4.14M +93,992 New
BSAM
65
Blue Square Asset Management
New York
$5.24M +$4.04M +91,775 New
Creative Planning
66
Creative Planning
Kansas
$5.17M +$3.98M +90,534 New
HR
67
Howe & Rusling
New York
$5.15M +$3.97M +90,277 New
IP
68
Intellectus Partners
California
$5.03M +$3.88M +88,194 New
FT
69
Fiduciary Trust
Massachusetts
$4.99M +$3.85M +87,470 New
Lido Advisors
70
Lido Advisors
California
$4.98M +$3.84M +87,269 New
AA
71
AlphaQ Advisors
Florida
$4.91M +$3.78M +85,961 New
CIBC Private Wealth Group
72
CIBC Private Wealth Group
Georgia
$4.9M +$3.84M +87,240 New
BFG
73
Bleakley Financial Group
New Jersey
$4.77M +$3.68M +83,556 New
SW
74
Simplicity Wealth
New Jersey
$4.77M +$3.68M +83,556 New
ACA
75
Ascension Capital Advisors
Texas
$4.75M +$3.66M +83,282 New
1 2
3
4 5

GBTC Hedge Fund Activity: Q1 2024 in Review

647 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Grayscale Bitcoin Trust (GBTC) for Q1 2024, worth a combined $4.3B.

Buyers outnumbered sellers: 647 funds opened new GBTC positions and 0 closed out — a net gain of 647 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $841M.

  • 647 institutional investors held Grayscale Bitcoin Trust (GBTC) as of Q1 2024, up from 0 in Q4 2023.
  • Funds reported $4.3B of Grayscale Bitcoin Trust stock for Q1 2024.
  • 647 funds opened new Grayscale Bitcoin Trust positions in Q1 2024 and 0 closed out, a net change of +647 holders.
  • The largest Grayscale Bitcoin Trust buyer in Q1 2024 was Susquehanna International Group, an estimated $841M added.

Based on aggregated 13F filings for Q1 2024.