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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
ACM
176
Arlington Capital Management
Illinois
$1.36M +$1.05M +23,799 New
SW
177
SVB Wealth
Massachusetts
$1.34M +$1.03M +23,510 New
PCA
178
Pallas Capital Advisors
Massachusetts
$1.34M +$1.03M +23,504 New
NFSG
179
Newbridge Financial Services Group
Florida
$1.34M +$1.03M +23,479 New
SG
180
Sharper & Granite
California
$1.34M +$1.09M +24,686 New
VF
181
VitalStone Financial
Texas
$1.32M +$1.02M +23,091 New
SI
182
Sprott Inc
Ontario, Canada
$1.32M +$1.02M +23,093 New
SWP
183
Stratos Wealth Partners
Ohio
$1.32M +$1.01M +23,048 New
IAM
184
Iridian Asset Management
Connecticut
$1.28M +$989K +22,472 New
CL
185
Choreo LLC
Illinois
$1.27M +$977K +22,211 New
IAP
186
Indie Asset Partners
Indiana
$1.26M +$975K +22,161 New
SIA
187
SkyView Investment Advisors
New Jersey
$1.26M +$974K +22,140 New
PL
188
Plancorp LLC
Missouri
$1.24M +$959K +21,801 New
SFG
189
SevenBridge Financial Group
Pennsylvania
$1.24M +$1.09M +24,720 New
OCM
190
One Capital Management
California
$1.23M +$949K +21,578 New
Royal Bank of Canada
191
Royal Bank of Canada
Ontario, Canada
$1.23M +$950K +21,583 New
JIC
192
Johnson Investment Counsel
Ohio
$1.23M +$947K +21,510 New
FWM
193
Finer Wealth Management
Massachusetts
$1.2M +$927K +21,056 New
AAS
194
Avantax Advisory Services
Texas
$1.2M +$925K +21,026 New
Empower Advisory Group
195
Empower Advisory Group
Colorado
$1.2M +$925K +21,024 New
IC
196
IEQ Capital
California
$1.19M +$920K +20,911 New
BA
197
Bellwether Advisors
Nebraska
$1.15M +$889K +20,209 New
PVI
198
Pine Valley Investments
New Jersey
$1.15M +$885K +20,110 New
CPRC
199
Consolidated Portfolio Review Corp
New York
$1.11M +$857K +19,485 New
SCA
200
Sassicaia Capital Advisers
New York
$1.11M +$857K +19,483 New
6 7
8
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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.