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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
CAG
751
Crestwood Advisors Group
Massachusetts
-$202K -2,950 Closed
DT
752
DV Trading
Illinois
-$195K -2,847 Closed
RCM
753
Richardson Capital Management
Wisconsin
-$149K -2,184 Closed
GAMC
754
Garner Asset Management Corp
Texas
-$123K -1,805 Closed
FHA
755
Flagship Harbor Advisors
Massachusetts
-$80K -1,171 Closed
SA
756
Strategic Advocates
Utah
-$76.5K -1,115 Closed
SHF
757
Safe Harbor Fiduciary
Florida
-$76.2K -1,114 Closed
BL
758
BFSG LLC
California
-$62.2K -910 Closed
QA
759
Quattro Advisors
Pennsylvania
-$51.7K -757 Closed
GAFA
760
Garton & Associates Financial Advisors
Kentucky
-$27.3K -400 Closed
EPG
761
Estate Planners Group
Pennsylvania
-$23.4K -342 Closed
CIA
762
Cape Investment Advisory
Georgia
-$14.5K -212 Closed
MM
763
Main Management
California
-$14K -200 Closed
MAS
764
MPWM Advisory Solutions
Georgia
-$13.7K -200 Closed
IBOK
765
Independence Bank of Kentucky
Kentucky
-$10.3K -150 Closed
MWA
766
Medallion Wealth Advisors
Connecticut
-$7.38K -108 Closed
UBS Group
767
UBS Group
Switzerland
-$6.84K -100 Closed
LWANC
768
Laurel Wealth Advisors (North Carolina)
North Carolina
-$4.44K -65 Closed
PWMG
769
Prestige Wealth Management Group
New Jersey
-$1.37K -20 Closed
KFG
770
Kingdom Financial Group
Arizona
-$1.23K -18 Closed
MCM
771
MV Capital Management
Maryland
-$821 -12 Closed
NL
772
Navalign LLC
California
-$752 -11 Closed
RDFA
773
Ritter Daniher Financial Advisory
Ohio
-$684 -10 Closed
OC
774
Optima Capital
Oregon
-$615 -9 Closed
SWM
775
SHP Wealth Management
Massachusetts
-$273 -4 Closed