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Grayscale Bitcoin Trust

708 hedge funds and large institutions have $2.24B invested in Grayscale Bitcoin Trust in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 173 increasing their positions, 243 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more ownership

Funds ownership:

less funds holding

Funds holding:

less funds holding in top 10

Funds holding in top 10:

26% less capital invested

Capital invested by funds: $3.04B → $2.24B (-$799M)

29% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 243

38% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 80

Holders
708
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
22
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$77.1M
Puts
$27.8M
Net Calls
Net Calls Change

Top Buyers

1 +$73.7M
2 +$24.4M
3 +$19.3M
4
Jane Street
Jane Street
New York
+$8.65M
5
IMC Chicago
IMC Chicago
Illinois
+$7.87M
Name Holding Trade Value Shares
Change
Change in
Stake
151
$1.51M
152
$1.5M
153
$1.5M
154
$1.49M
155
$1.48M
156
$1.47M
157
$1.47M
158
$1.46M
159
$1.46M
160
$1.45M
161
$1.44M
162
$1.44M
163
$1.43M
164
$1.42M
165
$1.41M
166
$1.41M
167
$1.4M
168
$1.39M
169
$1.34M
170
$1.34M
171
$1.33M
172
$1.31M
173
$1.31M
174
$1.31M
175
$1.3M