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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
CVM
751
Cheviot Value Management
California
$7.39K
CIA
752
Cape Investment Advisory
Georgia
$6.73K -$900 -10 -12%
IWM
753
IMG Wealth Management
Florida
$6.73K +$6.75K +75 New
PAI
754
Pittenger & Anderson Inc
Nebraska
$5.84K
DWM
755
Darwin Wealth Management
Florida
$5.83K +$5.85K +65 New
TIM
756
Thompson Investment Management
Wisconsin
$5.39K
GWP
757
Gen-Wealth Partners
Michigan
$5.39K +$900 +10 +20%
SJIM
758
St. Johns Investment Management
Florida
$4.85K +$4.86K +54 New
FWM
759
FSA Wealth Management
Massachusetts
$4.67K
FRA
760
Front Row Advisors
California
$4.49K
CFG
761
Clayton Financial Group
Missouri
$4.49K +$4.5K +50 New
DPW
762
DiNuzzo Private Wealth
Pennsylvania
$4.25K
FC
763
Financial Consulate
Maryland
$3.59K +$3.6K +40 New
FF
764
Friedenthal Financial
New Jersey
$2.96K
STB
765
S&T Bank
Pennsylvania
$2.69K
CCMI
766
Creative Capital Management Investments
California
$2.51K +$2.52K +28 New
HIMS
767
Hager Investment Management Services
New Hampshire
$2.42K
PGAM
768
Princeton Global Asset Management
New Jersey
$2.24K +$2.25K +25 New
CT
769
Coastline Trust
Rhode Island
$1.98K
PWMG
770
Prestige Wealth Management Group
New Jersey
$1.8K
SAM
771
Smartleaf Asset Management
Massachusetts
$1.44K
TRCT
772
Tower Research Capital (TRC)
New York
$1.17K +$1.17K +13 New
CI
773
CX Institutional
Indiana
$1K +$1.26K +14 New
CCM
774
Chilton Capital Management
Texas
$988 +$990 +11 New
KTC
775
Kentucky Trust Company
Kentucky
$987