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Grayscale Bitcoin Trust

708 hedge funds and large institutions have $2.24B invested in Grayscale Bitcoin Trust in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 173 increasing their positions, 243 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more ownership

Funds ownership:

less funds holding

Funds holding:

less funds holding in top 10

Funds holding in top 10:

26% less capital invested

Capital invested by funds: $3.04B → $2.24B (-$799M)

29% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 243

38% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 80

Holders
708
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
22
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$77.1M
Puts
$27.8M
Net Calls
Net Calls Change

Top Buyers

1 +$73.7M
2 +$24.4M
3 +$19.3M
4
Jane Street
Jane Street
New York
+$8.65M
5
IMC Chicago
IMC Chicago
Illinois
+$7.87M
Name Holding Trade Value Shares
Change
Change in
Stake
51
$5.49M
52
$5.08M
53
$5.03M
54
$5.01M
55
$4.95M
56
$4.95M
57
$4.76M
58
$4.72M
59
$4.67M
60
$4.66M
61
$4.63M
62
$4.44M
63
$4.41M
64
$4.4M
65
$4.31M
66
$4.27M
67
$4.26M
68
$4.17M
69
$4.16M
70
$4.06M
71
$3.98M
72
$3.98M
73
$3.87M
74
$3.66M
75
$3.66M