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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
Group One Trading
801
Group One Trading
Illinois
-$252K -2,804 Closed
SCP
802
Sandhill Capital Partners
New York
-$222K -2,612 Closed
WCFA
803
Walkner Condon Financial Advisors
Wisconsin
-$220K -2,588 Closed
HH
804
Hilltop Holdings
Texas
-$219K -2,586 Closed
II
805
Inspire Investing
Idaho
-$213K -2,507 Closed
TIM
806
Total Investment Management
Arizona
-$149K -1,756 Closed
KWM
807
Kiker Wealth Management
Georgia
-$143K -1,682 Closed
T
808
Transce3nd
Texas
-$132K -1,561 Closed
AWM
809
Atticus Wealth Management
Florida
-$93.1K -1,098 Closed
MYIA
810
Mount Yale Investment Advisors
Colorado
-$32.9K -388 Closed
WOC
811
West Oak Capital
California
-$302 -384 Closed
WTFG
812
Wood Tarver Financial Group
Idaho
-$27K -321 Closed
FPB
813
First PREMIER Bank
South Dakota
-$21K -250 Closed
BIG
814
Brooklyn Investment Group
New York
-$8.48K -100 Closed
RI
815
Ridgewood Investments
New Jersey
-$8.48K -100 Closed
TPWA
816
Twin Peaks Wealth Advisors
California
-$5.83K -62 Closed
WCM
817
WealthTrak Capital Management
Virginia
-$4.67K -55 Closed
WOSD
818
WFA of San Diego
California
-$4.41K -52 Closed
BFP
819
Briaud Financial Planning
Texas
-$4K -50 Closed
RAM
820
Riggs Asset Management
Pennsylvania
-$4.24K -50 Closed
CWM
821
CarsonAllaria Wealth Management
Illinois
-$2.46K -29 Closed
CWM
822
Cranbrook Wealth Management
Michigan
-$849 -10 Closed
FLFS
823
Family Legacy Financial Solutions
North Carolina
-$848 -10 Closed
Jones Financial Companies
824
Jones Financial Companies
Missouri
-$842 -10 Closed
AWM
825
Avondale Wealth Management
Texas
-$85 -1 Closed