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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
176
$1.28M
177
$1.28M
178
$1.27M
179
$1.27M
180
$1.27M
181
$1.27M
182
$1.26M
183
$1.24M
184
$1.23M
185
$1.23M
186
$1.21M
187
$1.2M
188
$1.18M
189
$1.16M
190
$1.15M
191
$1.15M
192
$1.09M
193
$1.08M
194
$1.08M
195
$1.07M
196
$1.07M
197
$1.05M
198
$1.04M
199
$1.03M
200
$1.03M