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Grayscale Bitcoin Trust

782 hedge funds and large institutions have $3.01B invested in Grayscale Bitcoin Trust in 2025 Q3 according to their latest regulatory filings, with 81 funds opening new positions, 168 increasing their positions, 233 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

263% more call options, than puts

Call options by funds: $209M | Put options by funds: $57.7M

84% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 44

3% more funds holding

Funds holding: 762782 (+20)

1% more capital invested

Capital invested by funds: $2.98B → $3.01B (+$33.4M)

0.3% less ownership

Funds ownership: 6.87%6.57% (-0.3%)

9% less funds holding in top 10

Funds holding in top 10: 2220 (-2)

28% less repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 233

Holders
782
Holders Change
+20
Holders Change %
+2.62%
% of All Funds
10.27%
Holding in Top 10
20
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.09%
% of All Funds
0.26%
New
81
Increased
168
Reduced
233
Closed
44
Calls
$209M
Puts
$57.7M
Net Calls
+$152M
Net Calls Change
+$34.3M
Name Holding Trade Value Shares
Change
Change in
Stake
FGAM
726
Financial Gravity Asset Management
Texas
$12.6K +$12.6K +140 New
CFP
727
Comprehensive Financial Planning
Pennsylvania
$11.6K
TIM
728
Tortoise Investment Management
New York
$11K
AWM
729
Abound Wealth Management
Tennessee
$11K +$11K +122 New
MWA
730
Medallion Wealth Advisors
Connecticut
$10.6K -$3.6K -40 -25%
KSWA
731
Kathleen S. Wright Associates
Pennsylvania
$9.88K
OP
732
ORG Partners
Indiana
$9.87K -$15.7K -175 -61%
Kayne Anderson Rudnick Investment Management
733
Kayne Anderson Rudnick Investment Management
California
$9.61K
MAM
734
MMA Asset Management
Pennsylvania
$9.52K +$9.54K +106 New
QWM
735
Quaker Wealth Management
New Jersey
$9.34K
NEWAS
736
N.E.W. Advisory Services
Wisconsin
$9.34K -$465K -5,165 -98%
WAM
737
WFA Asset Management
Wisconsin
$9.19K
AAG
738
Armstrong Advisory Group
Massachusetts
$8.98K
BC
739
Barrett & Company
Rhode Island
$8.98K
CSC
740
Caldwell Sutter Capital
California
$8.98K
CHC
741
City Holding Co
West Virginia
$8.98K
CWP
742
Concord Wealth Partners
Virginia
$8.98K
GK
743
Graney & King
New York
$8.98K
MTIC
744
Missouri Trust & Investment Company
Missouri
$8.98K
GPFA
745
Game Plan Financial Advisors
Ohio
$8.98K +$3.6K +40 +67%
CT
746
Colonial Trust
South Carolina
$8.98K +$8.1K +90 +900%
Fifth Third Bancorp
747
Fifth Third Bancorp
Ohio
$8.98K +$9K +100 New
GA
748
Guerra Advisors
Florida
$8.89K +$8.91K +99 New
CFO
749
CVA Family Office
Colorado
$8.26K
CJ
750
Caitlin John
Michigan
$7.81K +$7.83K +87 New