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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
10.26%
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
CCA
201
Childress Capital Advisors
Texas
$1.4M
IAS
202
Insigneo Advisory Services
Florida
$1.39M +$385K +4,279 +38%
1WA
203
180 Wealth Advisors
Washington
$1.38M +$675K +7,501 +95%
BAM
204
Belpointe Asset Management
Nevada
$1.37M +$168K +1,865 +14%
CFP
205
Curran Financial Partners
South Carolina
$1.37M +$7.2K +80 +0.5%
Empower Advisory Group
206
Empower Advisory Group
Colorado
$1.36M
NP
207
NorthRock Partners
Minnesota
$1.35M +$357K +3,971 +36%
SC
208
Scotia Capital
Ontario, Canada
$1.35M -$349K -3,876 -21%
VA
209
VestGen Advisors
Illinois
$1.33M +$354K +3,938 +36%
MT
210
Midwest Trust
Kansas
$1.32M
AWM
211
Aries Wealth Management
Maine
$1.31M
PPA
212
Pilgrim Partners Asia
Singapore
$1.3M +$1.3M +14,500 New
RIL
213
Rothschild Investment LLC
Illinois
$1.3M
FA
214
Fountainhead AM
New Jersey
$1.3M -$20.2K -224 -2%
WAP
215
Wealthcare Advisory Partners
Pennsylvania
$1.29M
RFC
216
Regions Financial Corp
Alabama
$1.29M
MWA
217
Mills Wealth Advisors
Texas
$1.28M -$1.08K -12 -0.1%
GWM
218
Geneos Wealth Management
Colorado
$1.27M +$1.8K +20 +0.1%
IAA
219
Independent Advisor Alliance
North Carolina
$1.26M -$304K -3,375 -19%
BFG
220
Berger Financial Group
Minnesota
$1.26M -$201K -2,239 -14%
ACA
221
Aptus Capital Advisors
Alabama
$1.25M -$450K -5,000 -26%
QPWM
222
Quadrant Private Wealth Management
Pennsylvania
$1.24M +$125K +1,387 +11%
MCC
223
Malaga Cove Capital
California
$1.23M
CWM
224
Cherrydale Wealth Management
New Jersey
$1.21M
SCM
225
Stevens Capital Management
Pennsylvania
$1.21M +$841K +9,348 +224%