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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
8.01%
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
Brown Advisory
76
Brown Advisory
Maryland
$2.66M -$71.5K -1,200 -2%
RCM
77
Ridgepath Capital Management
Tennessee
$2.66M +$3M +50,324 New
ICP
78
Interchange Capital Partners
Pennsylvania
$2.59M +$435K +7,311 +22%
SMC
79
Smith, Moore & Co
Missouri
$2.54M +$2.19M +36,845 +329%
BFG
80
Bleakley Financial Group
New Jersey
$2.52M -$449K -7,544 -14%
MFG
81
Merit Financial Group
Georgia
$2.5M -$6.67K -112 -0.2%
Cerity Partners
82
Cerity Partners
New York
$2.44M -$985K -16,547 -26%
BCM
83
Beck Capital Management
Texas
$2.41M -$252K -4,227 -8%
US Bancorp
84
US Bancorp
Minnesota
$2.4M -$129K -2,162 -5%
WANY
85
Wealthspire Advisors (New York)
New York
$2.36M +$140K +2,356 +6%
PNC Financial Services Group
86
PNC Financial Services Group
Pennsylvania
$2.31M -$187K -3,140 -7%
EI
87
EFG International
$2.3M -$89.3K -1,500 -3%
WMG
88
WESCAP Management Group
California
$2.29M -$1.54M -25,855 -37%
CFG
89
Certior Financial Group
Pennsylvania
$2.27M -$40.9K -686 -2%
FA
90
Fagan Associates
New York
$2.24M -$40.1K -674 -2%
HWM
91
HFG Wealth Management
Texas
$2.2M -$81.5K -1,368 -3%
CAPTRUST Financial Advisors
92
CAPTRUST Financial Advisors
North Carolina
$2.09M +$63.1K +1,060 +3%
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$2.06M +$2.32M +38,972 +38,972%
PFG
94
Prosperity Financial Group
California
$2.04M -$20.4K -343 -0.9%
BCM
95
Brookstone Capital Management
Illinois
$2.02M -$127K -2,128 -5%
MOS
96
MGO One Seven
Ohio
$2.02M -$62.8K -1,055 -3%
BPA
97
Beacon Pointe Advisors
California
$1.91M +$814K +13,666 +61%
TM
98
TigerOak Management
New Mexico
$1.91M -$17.9K -300 -0.8%
NA
99
NewEdge Advisors
Louisiana
$1.87M -$431K -7,240 -17%
CWP
100
Cyndeo Wealth Partners
Florida
$1.87M -$139K -2,340 -6%