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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
JIC
176
Johnson Investment Counsel
Ohio
$1.81M
CG
177
Cynosure Group
Utah
$1.8M
SAM
178
Stansberry Asset Management
Texas
$1.75M -$22K -245 -1%
Simplex Trading
179
Simplex Trading
Illinois
$1.72M +$1.72M +19,144 New
AIP
180
Almanack Investment Partners
Pennsylvania
$1.71M
M
181
MATAURO
New York
$1.7M -$205K -2,283 -11%
WS
182
Wedbush Securities
California
$1.7M -$73.7K -819 -4%
AWM
183
Angeles Wealth Management
California
$1.67M
IP
184
Integras Partners
Georgia
$1.65M +$1.66M +18,397 New
HWA
185
HCR Wealth Advisors
California
$1.64M
LIM
186
Leavell Investment Management
Alabama
$1.64M +$835K +9,275 +103%
DS
187
DRW Securities
Illinois
$1.6M -$595K -6,617 -27%
PVI
188
Pine Valley Investments
New Jersey
$1.59M +$19.4K +216 +1%
MAMG
189
Milestone Asset Management Group
Connecticut
$1.59M -$76.2K -847 -5%
BA
190
Bellwether Advisors
Nebraska
$1.58M
PFS
191
Prospera Financial Services
Texas
$1.57M +$14.4K +160 +0.9%
RWP
192
RWA Wealth Partners
Massachusetts
$1.56M +$571K +6,341 +57%
EWA
193
Exit Wealth Advisors
Georgia
$1.53M +$1.54M +17,059 New
CW
194
CreativeOne Wealth
Kansas
$1.51M +$514K +5,706 +51%
PCIA
195
Prime Capital Investment Advisors
Kansas
$1.51M +$355K +3,941 +31%
BTI
196
Blue Trust Inc
Georgia
$1.5M -$18K -200 -1%
AWM
197
AE Wealth Management
Kansas
$1.49M +$46.3K +514 +3%
HIP
198
HUB Investment Partners
Texas
$1.45M
CSP
199
Cary Street Partners
Virginia
$1.42M
CWM
200
Copia Wealth Management
Oregon
$1.41M +$2.25K +25 +0.2%