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Grayscale Bitcoin Trust

650 hedge funds and large institutions have $1.67B invested in Grayscale Bitcoin Trust in 2026 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 122 increasing their positions, 255 reducing their positions, and 124 closing their positions.

New
Increased
Maintained
Reduced
Closed

496% more call options, than puts

Call options by funds: $130M | Put options by funds: $21.8M

0.25% less ownership

Funds ownership: 6.42%6.18% (-0.25%)

11% less funds holding

Funds holding: 734650 (-84)

26% less capital invested

Capital invested by funds: $2.24B → $1.67B (-$578M)

33% less funds holding in top 10

Funds holding in top 10: 1510 (-5)

52% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 255

58% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 124

Holders
650
Holders Change
-84
Holders Change %
-11.44%
% of All Funds
8%
Holding in Top 10
10
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-33.33%
% of All Funds
0.12%
New
52
Increased
122
Reduced
255
Closed
124
Calls
$130M
Puts
$21.8M
Net Calls
+$108M
Net Calls Change
-$80.8M
Name Holding Trade Value Shares
Change
Change in
Stake
SA
201
Sanctuary Advisors
Indiana
$778K -$381K -6,390 -30%
Empower Advisory Group
202
Empower Advisory Group
Colorado
$775K +$405K +6,806 +86%
RIL
203
Rothschild Investment LLC
Illinois
$764K
MWA
204
Mills Wealth Advisors
Texas
$746K -$10.8K -181 -1%
CFP
205
Curran Financial Partners
South Carolina
$742K -$30.1K -505 -3%
AWM
206
AE Wealth Management
Kansas
$742K -$111K -1,869 -12%
EFG
207
Embree Financial Group
Illinois
$740K +$79.2K +1,330 +10%
PCA
208
Private Capital Advisors
Connecticut
$739K +$834K +13,998 New
USCWA
209
U.S. Capital Wealth Advisors
Texas
$738K -$876K -14,708 -51%
MT
210
Midwest Trust
Kansas
$736K -$47.5K -797 -5%
FAM
211
Formidable Asset Management
Ohio
$736K -$75.9K -1,275 -11%
AAS
212
Ameritas Advisory Services
Nebraska
$735K -$24.7K -415 -3%
CWM
213
Copia Wealth Management
Oregon
$729K -$87.9K -1,476 -10%
CFG
214
Citizens Financial Group
Rhode Island
$724K +$10.7K +180 +1%
AWM
215
Aries Wealth Management
Maine
$724K
MCC
216
Malaga Cove Capital
California
$721K
CWM
217
Cherrydale Wealth Management
New Jersey
$714K
SWP
218
Stratos Wealth Partners
Ohio
$711K -$125K -2,101 -13%
FCM
219
Fortis Capital Management
Washington
$699K -$27.5K -462 -3%
WAP
220
Wealthcare Advisory Partners
Pennsylvania
$699K -$67K -1,125 -8%
BlackRock
221
BlackRock
New York
$697K
NF
222
NavPoint Financial
Minnesota
$696K
GWM
223
Geneos Wealth Management
Colorado
$692K -$36.9K -620 -5%
MWM
224
Maridea Wealth Management
New York
$683K -$19.8K -333 -3%
WAAG
225
Wealth Alliance Advisory Group
Kansas
$672K