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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
SGI
126
Summit Global Investments
Utah
$2.05M +$1.58M +35,995 New
CFS
127
CRA Financial Services
New Jersey
$2.05M +$1.58M +35,981 New
BIP
128
Blue Investment Partners
California
$2.05M +$1.58M +35,847 New
MWA
129
Mills Wealth Advisors
Texas
$2.04M +$1.58M +35,859 New
SAM
130
Simplify Asset Management
Nevada
$2.04M +$1.57M +35,744 New
JPLA
131
Joseph P. Lucia & Associates
New York
$2.04M +$1.57M +35,710 New
GC
132
Grimes & Company
Massachusetts
$2M +$1.55M +35,116 New
AWS
133
Atria Wealth Solutions
New York
$1.96M +$1.51M +34,375 New
OLVIG
134
Oliver Lagore Vanvalin Investment Group
Michigan
$1.91M +$1.48M +33,556 New
Truist Financial
135
Truist Financial
North Carolina
$1.91M +$1.47M +33,496 New
Invesco
136
Invesco
Georgia
$1.88M +$1.45M +33,027 New
PWM
137
Perigon Wealth Management
California
$1.87M +$1.44M +32,744 New
RMC
138
Ribbit Management Company
California
$1.85M +$1.43M +32,445 New
RJA
139
Raymond James & Associates
Florida
$1.84M +$1.42M +32,265 New
DI
140
Diligent Investors
California
$1.8M +$1.38M +31,474 New
Stifel Financial
141
Stifel Financial
Missouri
$1.8M +$1.38M +31,458 New
BG
142
Benedetti & Gucer
Georgia
$1.76M +$1.36M +30,882 New
AIP
143
Almanack Investment Partners
Pennsylvania
$1.76M +$1.36M +30,861 New
HWA
144
HCR Wealth Advisors
California
$1.74M +$1.34M +30,526 New
VCA
145
Verdence Capital Advisors
Maryland
$1.73M +$1.34M +30,389 New
CH
146
Canton Hathaway
Rhode Island
$1.72M +$1.32M +30,110 New
SIC
147
SJS Investment Consulting
Ohio
$1.72M +$1.32M +30,058 New
KCM
148
Kennicott Capital Management
California
$1.71M +$1.32M +30,019 New
ICG
149
InterOcean Capital Group
Tennessee
$1.68M +$1.3M +29,486 New
PI
150
PFG Investments
New York
$1.67M +$1.29M +29,270 New
4 5
6
7 8

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.