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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
CG
201
Cynosure Group
Utah
$1.1M +$852K +19,351 New
DWM
202
Dakota Wealth Management
Florida
$1.09M +$841K +19,106 New
CFP
203
Curran Financial Partners
South Carolina
$1.08M +$834K +18,962 New
WW
204
Windle Wealth
Oklahoma
$1.08M +$831K +18,884 New
SIM
205
Spark Investment Management
New York
$1.07M +$828K +18,819 New
ULWM
206
Upper Left Wealth Management
Florida
$1.06M +$815K +18,513 New
FAM
207
Formidable Asset Management
Ohio
$1.03M +$796K +18,083 New
EH
208
Equitable Holdings
New York
$1.02M +$787K +17,891 New
BHWM
209
Beaird Harris Wealth Management
Texas
$1.02M +$786K +17,859 New
FA
210
Fountainhead AM
New Jersey
$1.01M +$779K +17,702 New
PA
211
Pinnacle Associates
New York
$1.01M +$777K +17,662 New
SIAG
212
Safeguard Investment Advisory Group
California
$1M +$774K +17,595 New
EA
213
Eudaimonia Advisors
Tennessee
$988K +$762K +17,316 New
AWM
214
Aries Wealth Management
Maine
$986K +$761K +17,285 New
CCA
215
Childress Capital Advisors
Texas
$986K +$761K +17,285 New
FCI
216
Financial Counselors Inc
Kansas
$960K +$740K +16,816 New
CF
217
Centaurus Financial
California
$952K +$734K +16,687 New
FCM
218
Firestone Capital Management
Florida
$949K +$732K +16,628 New
Edgewood Management
219
Edgewood Management
Connecticut
$948K +$731K +16,605 New
MCC
220
Malaga Cove Capital
California
$942K +$726K +16,510 New
BTI
221
Blue Trust Inc
Georgia
$937K +$722K +16,417 New
CCG
222
Catalina Capital Group
California
$936K +$722K +16,409 New
RWM
223
Ritholtz Wealth Management
New York
$933K +$720K +16,357 New
PTC
224
Philadelphia Trust Company
Pennsylvania
$933K +$719K +16,350 New
GCM
225
Gables Capital Management
Florida
$931K +$718K +16,323 New
7 8
9
10 11

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.