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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
Susquehanna International Group
1
Susquehanna International Group
Pennsylvania
$1.09B +$841M +19,119,358 New
HKAM
2
Horizon Kinetics Asset Management
New York
$946M +$729M +16,576,425 New
Morgan Stanley
3
Morgan Stanley
New York
$270M +$208M +4,729,259 New
Millennium Management
4
Millennium Management
New York
$202M +$156M +3,540,401 New
Jane Street
5
Jane Street
New York
$117M +$90.5M +2,056,450 New
DCM
6
Discovery Capital Management
Connecticut
$88.2M +$68M +1,545,391 New
FCM
7
Farallon Capital Management
California
$85.2M +$65.7M +1,493,428 New
MCM
8
Multicoin Capital Management
Texas
$83.5M +$64.4M +1,463,241 New
BFM
9
Boothbay Fund Management
New York
$69.5M +$53.6M +1,217,700 New
State of Wisconsin Investment Board
10
State of Wisconsin Investment Board
Wisconsin
$63.7M +$49.3M +1,121,391 New
LPL Financial
11
LPL Financial
California
$60.8M +$46.9M +1,065,193 New
HighTower Advisors
12
HighTower Advisors
Illinois
$44.8M +$34.6M +785,921 New
BSW
13
Buckingham Strategic Wealth
Missouri
$39.2M +$30.2M +687,025 New
GWM
14
Greenwich Wealth Management
Connecticut
$34.2M +$26.3M +598,524 New
SDH
15
Sloy Dahl & Holst
Washington
$33M +$25.4M +577,574 New
ECM
16
EagleClaw Capital Management
Massachusetts
$29.6M +$22.8M +517,960 New
BCL
17
Bracebridge Capital LLC
Massachusetts
$26.5M +$20.5M +464,840 New
MRI
18
Mad River Investors
Massachusetts
$25.3M +$19.5M +442,496 New
MC
19
Moors & Cabot
Massachusetts
$24.4M +$18.9M +428,442 New
Cetera Investment Advisers
20
Cetera Investment Advisers
Illinois
$22.6M +$17.4M +395,621 New
OCM
21
Ovata Capital Management
Hong Kong
$21.6M +$16.7M +378,815 New
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$21.6M +$16.6M +378,011 New
HHGC
23
Hunting Hill Global Capital
New York
$21.3M +$16.4M +373,520 New
OCPWS
24
One Charles Private Wealth Services
Massachusetts
$19.2M +$14.8M +336,315 New
CCWM
25
Correct Capital Wealth Management
Missouri
$19.2M +$14.8M +335,886 New
1
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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.