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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
MFG
101
Merit Financial Group
Georgia
$3.08M +$2.71M +61,684 New
Brown Advisory
102
Brown Advisory
Maryland
$3.06M +$2.36M +53,668 New
WANY
103
Wealthspire Advisors (New York)
New York
$3.03M +$2.33M +53,018 New
CIA
104
Compass Ion Advisors
Pennsylvania
$2.98M +$2.3M +52,229 New
ASN
105
Advisory Services Network
Georgia
$2.97M +$2.29M +51,966 New
FCA
106
FinTrust Capital Advisors
South Carolina
$2.93M +$2.26M +51,360 New
PCP
107
Proficio Capital Partners
Massachusetts
$2.91M +$2.25M +51,046 New
US Bancorp
108
US Bancorp
Minnesota
$2.91M +$2.24M +50,934 New
PFG
109
Prosperity Financial Group
California
$2.89M +$2.23M +50,626 New
WA
110
Waverly Advisors
Alabama
$2.74M +$2.12M +48,080 New
PFA
111
Pettinga Financial Advisors
Indiana
$2.72M +$2.1M +47,683 New
WJWM
112
Williams Jones Wealth Management
New York
$2.67M +$2.06M +46,793 New
GCM
113
Gallacher Capital Management
Colorado
$2.65M +$2.04M +46,353 New
GRP
114
Global Retirement Partners
California
$2.52M +$1.94M +44,084 New
AWA
115
Arete Wealth Advisors
Illinois
$2.5M +$1.94M +44,012 New
PWC
116
PYA Waltman Capital
Tennessee
$2.39M +$1.84M +41,915 New
NA
117
NewEdge Advisors
Louisiana
$2.36M +$1.82M +41,273 New
IWC
118
Integrated Wealth Concepts
Massachusetts
$2.28M +$1.76M +39,967 New
FMP
119
Financial Management Professionals
Texas
$2.27M +$1.75M +39,773 New
WIM
120
WealthPlan Investment Management
Nebraska
$2.21M +$1.7M +38,711 New
CRC
121
Curi RMB Capital
Illinois
$2.21M +$1.7M +38,665 New
MOS
122
MGO One Seven
Ohio
$2.2M +$1.7M +38,540 New
WS
123
Wedbush Securities
California
$2.14M +$1.65M +37,574 New
Osaic Holdings
124
Osaic Holdings
Arizona
$2.12M +$1.64M +37,238 New
MCWS
125
McKinley Carter Wealth Services
West Virginia
$2.1M +$1.62M +36,833 New
3 4
5
6 7

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.