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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
Stifel Financial
126
Stifel Financial
Missouri
$2.58M +$3.15K +35 +0.1%
Truist Financial
127
Truist Financial
North Carolina
$2.57M +$90K +1,000 +4%
FWM
128
Finer Wealth Management
Massachusetts
$2.57M
DI
129
Diligent Investors
California
$2.51M -$1.89K -21 -0.1%
SPIA
130
Steward Partners Investment Advisory
New York
$2.48M +$183K +2,036 +8%
SIC
131
SJS Investment Consulting
Ohio
$2.47M
CWA
132
Cura Wealth Advisors
Illinois
$2.46M
CH
133
Canton Hathaway
Rhode Island
$2.44M
IIM
134
Illumine Investment Management
Washington
$2.43M -$61.7K -686 -2%
PWM
135
Prosperity Wealth Management
California
$2.34M +$351K +3,902 +18%
UCFA
136
United Capital Financial Advisors
Texas
$2.34M +$2.34M +26,042 New
GC
137
Grimes & Company
Massachusetts
$2.33M -$217K -2,413 -9%
EP
138
EPIQ Partners
Minnesota
$2.25M -$805K -8,950 -26%
CIBC Private Wealth Group
139
CIBC Private Wealth Group
Georgia
$2.22M +$20.6K +229 +0.9%
FFG
140
Fortem Financial Group
California
$2.21M
TFGT
141
TS Financial Group (TSFG)
Illinois
$2.21M
SC
142
Sapient Capital
Indiana
$2.2M
SWM
143
Spire Wealth Management
Virginia
$2.2M +$110K +1,220 +5%
MCM
144
Mainstay Capital Management
Michigan
$2.16M -$2.16M -24,048 -50%
SA
145
Sanctuary Advisors
Indiana
$2.15M -$178K -1,977 -8%
CFS
146
CRA Financial Services
New Jersey
$2.14M -$61.9K -688 -3%
APG
147
Abacus Planning Group
South Carolina
$2.13M
USCWA
148
U.S. Capital Wealth Advisors
Texas
$2.13M +$281K +3,117 +15%
WKSWA
149
White Knight Strategic Wealth Advisors
New Jersey
$2.12M -$8.55K -95 -0.4%
STA
150
Summit Trail Advisors
New York
$2.11M +$2.12M +23,545 New