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Grayscale Bitcoin Trust

650 hedge funds and large institutions have $1.67B invested in Grayscale Bitcoin Trust in 2026 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 122 increasing their positions, 255 reducing their positions, and 124 closing their positions.

New
Increased
Maintained
Reduced
Closed

496% more call options, than puts

Call options by funds: $130M | Put options by funds: $21.8M

0.25% less ownership

Funds ownership: 6.42%6.18% (-0.25%)

11% less funds holding

Funds holding: 734650 (-84)

26% less capital invested

Capital invested by funds: $2.24B → $1.67B (-$578M)

33% less funds holding in top 10

Funds holding in top 10: 1510 (-5)

52% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 255

58% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 124

Holders
650
Holders Change
-84
Holders Change %
-11.44%
% of All Funds
8%
Holding in Top 10
10
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-33.33%
% of All Funds
0.12%
New
52
Increased
122
Reduced
255
Closed
124
Calls
$130M
Puts
$21.8M
Net Calls
+$108M
Net Calls Change
-$80.8M
Name Holding Trade Value Shares
Change
Change in
Stake
AFAS
726
Acorn Financial Advisory Services
Virginia
-$223K -3,264 Closed
APP
727
Avantax Planning Partners
Iowa
-$220K -3,213 Closed
LNWTC
728
Laird Norton Wetherby Trust Company
Washington
-$219K -3,210 Closed
SWA
729
Stratos Wealth Advisors
Ohio
-$218K -3,191 Closed
TA
730
TrueWealth Advisors
Alabama
-$218K -3,185 Closed
FZCM
731
Flynn Zito Capital Management
New York
-$218K -3,182 Closed
NFG
732
Nadler Financial Group
Illinois
-$216K -3,167 Closed
KP
733
Keel Point
Alabama
-$215K -3,149 Closed
MWP
734
Madison Wealth Partners
Wisconsin
-$215K -3,148 Closed
UAS
735
United Asset Strategies
New York
-$215K -3,138 Closed
MA
736
Modus Advisors
Minnesota
-$214K -3,131 Closed
CFG
737
Compass Financial Group
Ohio
-$213K -3,121 Closed
BFC
738
Blue Fin Capital
Rhode Island
-$212K -3,107 Closed
BW
739
BostonPremier Wealth
Massachusetts
-$212K -3,106 Closed
CCG
740
Cypress Capital Group
Florida
-$210K -3,067 Closed
AG
741
Ascent Group
Virginia
-$207K -3,033 Closed
PDL
742
Portfolio Design Labs
California
-$207K -3,033 Closed
CIA
743
Capital Investment Advisors
Georgia
-$205K -2,992 Closed
CAWM
744
Capital Advisors Wealth Management
Washington
-$204K -2,983 Closed
MFS
745
Miller Financial Services
Michigan
-$204K -2,980 Closed
UFA
746
Unify Financial Advisors
Florida
-$203K -2,970 Closed
NWWA
747
New Wave Wealth Advisors
Arkansas
-$203K -2,969 Closed
WIM
748
Wiregrass Investment Management
Georgia
-$202K -2,961 Closed
CL
749
CLG LLC
California
-$202K -2,959 Closed
Barclays
750
Barclays
United Kingdom
-$202K -2,950 Closed