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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
QPWM
151
Quadrant Private Wealth Management
Pennsylvania
$1.64M +$1.27M +28,820 New
IAN
152
Integrated Advisors Network
Texas
$1.61M +$1.24M +28,203 New
SAM
153
Stansberry Asset Management
Texas
$1.56M +$1.2M +27,271 New
JIP
154
Jaffetilchin Investment Partners
Florida
$1.55M +$1.19M +27,107 New
WKSWA
155
White Knight Strategic Wealth Advisors
New Jersey
$1.55M +$1.19M +27,083 New
FFG
156
Fortem Financial Group
California
$1.53M +$1.18M +26,845 New
LFG
157
Larson Financial Group
Missouri
$1.52M +$1.17M +26,692 New
MCM
158
Mainstay Capital Management
Michigan
$1.51M +$1.16M +26,400 New
RJFSA
159
Raymond James Financial Services Advisors
Florida
$1.51M +$1.16M +26,381 New
APW
160
Aurora Private Wealth
New Jersey
$1.5M +$1.17M +26,632 New
TFGT
161
TS Financial Group (TSFG)
Illinois
$1.49M +$1.15M +26,088 New
SMC
162
Smith, Moore & Co
Missouri
$1.48M +$1.14M +25,893 New
SF
163
Synovus Financial
Georgia
$1.46M +$1.13M +25,605 New
NL
164
NWAM LLC
Washington
$1.45M +$1.12M +25,472 New
MWM
165
Meridian Wealth Management
Kentucky
$1.45M +$1.11M +25,338 New
QWM
166
Quadcap Wealth Management
Texas
$1.43M +$1.1M +25,097 New
PWA
167
Prairie Wealth Advisors
Nebraska
$1.42M +$1.1M +24,894 New
MGIA
168
Moneta Group Investment Advisors
Missouri
$1.42M +$1.22M +27,823 New
CLOS
169
Compagnie Lombard Odier SCmA
Switzerland
$1.39M +$1.07M +24,409 New
PAG
170
Private Advisor Group
New Jersey
$1.39M +$1.07M +24,412 New
BFG
171
Berger Financial Group
Minnesota
$1.39M +$1.07M +24,281 New
S
172
SignatureFD
Georgia
$1.38M +$1.07M +24,263 New
SIA
173
Soltis Investment Advisors
Utah
$1.38M +$1.07M +24,251 New
PI
174
Pachira Investments
California
$1.38M +$1.06M +24,108 New
CIM
175
Chiron Investment Management
New York
$1.36M +$1.05M +23,917 New
5 6
7
8 9

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.