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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
VWA
101
Visionary Wealth Advisors
Illinois
$3.45M +$2.79K +31 +0.1%
Pathstone Holdings
102
Pathstone Holdings
New Jersey
$3.42M +$273K +3,029 +9%
IWC
103
Integrated Wealth Concepts
Massachusetts
$3.34M +$120K +1,337 +4%
CWP
104
Cyndeo Wealth Partners
Florida
$3.34M -$394K -4,383 -11%
PAG
105
Private Advisor Group
New Jersey
$3.31M -$738K -8,199 -18%
TM
106
TigerOak Management
New Mexico
$3.28M
PWC
107
PYA Waltman Capital
Tennessee
$3.17M -$6.39K -71 -0.2%
ICP
108
Interchange Capital Partners
Pennsylvania
$3.16M -$42K -467 -1%
MOS
109
MGO One Seven
Ohio
$3.13M -$68K -756 -2%
SFS
110
Sowell Financial Services
Arkansas
$3.08M -$564K -6,272 -15%
SI
111
Sprott Inc
Ontario, Canada
$3.08M -$255K -2,830 -8%
CIA
112
Compass Ion Advisors
Pennsylvania
$3.05M +$24K +267 +0.8%
WA
113
Waverly Advisors
Alabama
$3.03M +$28.5K +317 +0.9%
BRWA
114
B. Riley Wealth Advisors
Florida
$2.91M -$27K -300 -0.9%
Renaissance Technologies
115
Renaissance Technologies
New York
$2.89M -$4.31M -47,900 -60%
WIM
116
WealthPlan Investment Management
Nebraska
$2.89M -$21.9K -243 -0.8%
MCWS
117
McKinley Carter Wealth Services
West Virginia
$2.88M +$9.72K +108 +0.3%
CIC
118
Carnegie Investment Counsel
Ohio
$2.84M -$126K -1,400 -4%
Financial Engines Advisors
119
Financial Engines Advisors
California
$2.83M -$17.6K -196 -0.6%
MCM
120
McRae Capital Management
New Jersey
$2.78M
NS
121
NBC Securities
Alabama
$2.77M -$36K -400 -1%
NFSG
122
Newbridge Financial Services Group
Florida
$2.76M +$950K +10,557 +52%
CRC
123
Curi RMB Capital
Illinois
$2.67M
IAN
124
Integrated Advisors Network
Texas
$2.65M -$105K -1,170 -4%
RMC
125
Ribbit Management Company
California
$2.63M