Grayscale Bitcoin Trust
GBTC
648 hedge funds and large institutions have $4.3B invested in Grayscale Bitcoin Trust in 2024 Q1 according to their latest regulatory filings, with 648 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.
17.71% more ownership
Funds ownership: 0% → 17.71% (+18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$841M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$729M |
| 3 |
Morgan Stanley
New York
|
+$208M |
| 4 |
Millennium Management
New York
|
+$156M |
| 5 |
Jane Street
New York
|
+$90.5M |
Top Sellers
GBTC Hedge Fund Activity: Q1 2024 in Review
648 of the 6,958 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: 648 funds opened new GBTC positions and 0 closed out — a net gain of 648 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.
- 648 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.
- 648 funds opened new Grayscale Bitcoin Trust positions in Q1 2024 and 0 closed out, a net change of +648 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.