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Grayscale Bitcoin Trust
GBTC

647 hedge funds and large institutions have $4.3B invested in Grayscale Bitcoin Trust in 2024 Q1 according to their latest regulatory filings, with 647 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

19.7% more ownership

Funds ownership: 0% → 19.7% (+20%)

Holders
647
Holders Change
+647
Holders Change %
–
% of All Funds
9.32%
Holding in Top 10
28
Holding in Top 10 Change
+28
Holding in Top 10 Change %
% of All Funds
0.4%
New
647
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$841M
2
HKAM
Horizon Kinetics Asset Management
New York
+$729M
3
Morgan Stanley
Morgan Stanley
New York
+$208M
4
Millennium Management
Millennium Management
New York
+$156M
5
Jane Street
Jane Street
New York
+$90.5M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
Corient Private Wealth
76
Corient Private Wealth
Florida
$4.74M +$3.66M +83,140 New
CIC
77
Carnegie Investment Counsel
Ohio
$4.61M +$3.55M +80,735 New
PHS
78
Pekin Hardy Strauss
Illinois
$4.57M +$3.52M +80,006 New
GIM
79
Guild Investment Management
California
$4.32M +$3.33M +75,719 New
NW
80
NewEdge Wealth
Pennsylvania
$4.29M +$3.95M +89,842 New
Mercer Global Advisors
81
Mercer Global Advisors
Colorado
$4.24M +$1.52M +34,568 New
KPWS
82
Kestra Private Wealth Services
Texas
$4.2M +$3.24M +73,591 New
SC
83
Seldon Capital
California
$4.18M +$3.22M +73,180 New
VWA
84
Visionary Wealth Advisors
Illinois
$4.16M +$3.2M +72,827 New
Pathstone Holdings
85
Pathstone Holdings
New Jersey
$4.1M +$3.16M +71,778 New
FA
86
Fagan Associates
New York
$3.94M +$3.04M +69,033 New
CAPTRUST Financial Advisors
87
CAPTRUST Financial Advisors
North Carolina
$3.87M +$2.98M +67,830 New
BCA
88
Bray Capital Advisors
Florida
$3.8M +$2.93M +66,544 New
BPA
89
Beacon Pointe Advisors
California
$3.78M +$2.91M +66,199 New
EP
90
EPIQ Partners
Minnesota
$3.74M +$2.89M +65,590 New
NAM
91
NTV Asset Management
West Virginia
$3.68M +$2.84M +64,535 New
CF
92
Convergence Financial
Missouri
$3.67M +$2.83M +64,331 New
ST
93
Smithfield Trust
Pennsylvania
$3.55M +$2.74M +62,208 New
PNC Financial Services Group
94
PNC Financial Services Group
Pennsylvania
$3.37M +$2.6M +59,032 New
VF
95
Virtu Financial
New York
$3.35M +$2.58M +58,659 New
FA
96
Fiduciary Alliance
South Carolina
$3.31M +$2.6M +58,980 New
IAA
97
Independent Advisor Alliance
North Carolina
$3.31M +$2.55M +58,018 New
SFS
98
Sowell Financial Services
Arkansas
$3.3M +$2.54M +57,778 New
CWP
99
Cyndeo Wealth Partners
Florida
$3.25M +$2.5M +56,912 New
MTIM
100
Marathon Trading Investment Management
Pennsylvania
$3.16M +$2.44M +55,350 New
2 3
4
5 6

GBTC Hedge Fund Activity: Q1 2024 in Review

647 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Grayscale Bitcoin Trust (GBTC) for Q1 2024, worth a combined $4.3B.

Buyers outnumbered sellers: 647 funds opened new GBTC positions and 0 closed out — a net gain of 647 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $841M.

  • 647 institutional investors held Grayscale Bitcoin Trust (GBTC) as of Q1 2024, up from 0 in Q4 2023.
  • Funds reported $4.3B of Grayscale Bitcoin Trust stock for Q1 2024.
  • 647 funds opened new Grayscale Bitcoin Trust positions in Q1 2024 and 0 closed out, a net change of +647 holders.
  • The largest Grayscale Bitcoin Trust buyer in Q1 2024 was Susquehanna International Group, an estimated $841M added.

Based on aggregated 13F filings for Q1 2024.