GBTC icon

Grayscale Bitcoin Trust
GBTC

Overview Fund Activity

745 hedge funds and large institutions have $2.94B invested in Grayscale Bitcoin Trust in 2025 Q2 according to their latest regulatory filings, with 107 funds opening new positions, 137 increasing their positions, 252 reducing their positions, and 47 closing their positions.

Holders
745
Holders Change
+43
Holders Change %
+6.13%
% of All Funds
10%
Holding in Top 10
22
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.3%
New
107
Increased
137
Reduced
252
Closed
47
Calls
$124M
Puts
$29.2M
Net Calls
+$94.9M
Net Calls Change
+$45.7M

Top Buyers

1
Jane Street
1
Jane Street
New York
$86.6M
2
IMC Chicago
2
IMC Chicago
Illinois
$30.8M
3
IC
3
IEQ Capital
California
$9.61M
4
Renaissance Technologies
4
Renaissance Technologies
New York
$6.79M
5
WMG
5
WESCAP Management Group
California
$6.19M

Top Sellers

1
DS
1
DRW Securities
Illinois
$2.06M
2
HKAM
2
Horizon Kinetics Asset Management
New York
$1.23B
3
JSSH
3
J. Safra Sarasin Holding
$0
4
TAA
4
TB Alternative Assets
Cayman Islands
$19.9M
5
AAS
5
Avantax Advisory Services
Texas
$1.46M
Name Market Value Shares Shares
Change 		Shares
Change %
RIL
201
Rothschild Investment LLC
Illinois
$1.23M 14,490 – –
PA
202
Pinnacle Associates
New York
$1.22M 14,424 -235 -2%
WAP
203
Wealthcare Advisory Partners
Pennsylvania
$1.22M 14,420 -419 -3%
RFC
204
Regions Financial Corp
Alabama
$1.22M 14,417 – –
MWA
205
Mills Wealth Advisors
Texas
$1.21M 14,358 -27 -0.2%
GWM
206
Geneos Wealth Management
Colorado
$1.2M 14,147 -22,525 -61%
MCC
207
Malaga Cove Capital
California
$1.16M 13,659 – –
P
208
&Partners
Tennessee
$1.15M 13,583 +35 +0.3%
CWM
209
Cherrydale Wealth Management
New Jersey
$1.15M 13,531 – –
MA
210
Montag & Associates
Georgia
$1.14M 13,481 -1,502 -10%
BAM
211
Belpointe Asset Management
Nevada
$1.14M 13,446 +155 +1%
BlackRock
212
BlackRock
New York
$1.14M 13,420 +13,220 +6,610%
SW
213
SteelPeak Wealth
California
$1.13M 13,272 +7,675 +137%
DAM
214
Deltec Asset Management
New York
$1.12M 13,250 -100 -0.7%
CPIG
215
Chicago Partners Investment Group
Illinois
$1.11M 11,865 +931 +9%
GCM
216
Gables Capital Management
Florida
$1.1M 12,995 – –
VF
217
Vista Finance
Missouri
$1.1M 12,986 -1 -0%
NL
218
NVWM LLC
Pennsylvania
$1.1M 12,936 +12,708 +5,574%
AIM
219
Advyzon Investment Management
Illinois
$1.09M 12,864 +12,864 New
PCIA
220
Prime Capital Investment Advisors
Kansas
$1.09M 12,841 -3,582 -22%
RWM
221
Ritholtz Wealth Management
New York
$1.09M 12,792 +1,599 +14%
WAAG
222
Wealth Alliance Advisory Group
Kansas
$1.08M 12,744 – –
AGC
223
Aspen Grove Capital
Colorado
$1.07M 12,655 – –
RCA
224
Runnymede Capital Advisors
Ohio
$1.06M 12,468 +373 +3%
QPWM
225
Quadrant Private Wealth Management
Pennsylvania
$1.06M 12,460 -535 -4%
7 8
9
10 11