Grayscale Bitcoin Mini Trust (B (BTC) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling BTC?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Grayscale Bitcoin Mini Trust (B, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on BTC?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Grayscale Bitcoin Mini Trust (B.

Is institutional money flowing into BTC?

85 institutional investors hold Grayscale Bitcoin Mini Trust (B (BTC). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about BTC?

Track institutional sentiment and conviction scores for Grayscale Bitcoin Mini Trust (B (BTC) including Smart Money Verdict and position changes on HoldingsIntel.

Grayscale Bitcoin Mini Trust (B

BTC·389930207·US·etf·Unknown - Unknown

SHS NEW

BTC (Grayscale Bitcoin Mini Trust (B) is held by 85 institutional investors as of Q4 2025. Largest holders: MILLENNIUM MANAGEMENT LLC ($122.7M), HORIZON KINETICS ASSET MANAGEMENT LLC ($116.1M), WELLS FARGO & COMPANY/MN ($57M). Net institutional sentiment: Mixed.

Holders

Avg rating(14 Elite)

$541M

Total Value

51% (94)

Fund Consensus

43 buying - 42 selling

Smart Money VerdictView all

60Mixed MomentumConfirmed

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See how BTC's score breaks down across 4 SEC sources

Held by 85 funds

14 elite

Who's Trading

CongressByron DonaldsBuyDec 18, 2025

View all congressional trades

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
MILLENNIUM MANAGEMENT LLC	Increased	3.2M(+26.7%)	$122.7M	0.1%	-27.07%	37
HORIZON KINETICS ASSET MANAGEMENT LLC	Decreased	3M(-0.1%)	$116.1M	1.6%	-27.73%	0
WELLS FARGO & COMPANY/MN	Increased	1.5M(+157.6%)	$57M	0.0%	-30.51%	47
JANE STREET GROUP, LLC	Increased	1.4M(+2328.2%)	$55.1M	0.0%	-22.57%	47
Steward Partners Investment Advisory, LLC	Increased	1.3M(+20.4%)	$50.2M	0.3%	-37.86%	42
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	419,315(+739.4%)	$16.2M	0.0%	-23.85%	45
HighTower Advisors, LLC	Increased	347,474(+9.3%)	$13.5M	0.0%	-28.21%	31
LPL Financial LLC	Increased	201,221(+5.0%)	$7.8M	0.0%	-27.75%	29
ASSETMARK, INC	Increased	188,510(+4487x)	$7.3M	0.0%	-22.33%	44
MML INVESTORS SERVICES, LLC	Increased	185,011(+39.6%)	$7.2M	0.0%	-25.55%	36
Mariner, LLC	Increased	180,422(+21.0%)	$7M	0.0%	-28.50%	33
RENAISSANCE TECHNOLOGIES LLC	Increased	135,560(+131.9%)	$5.3M	0.0%	-27.32%	44
Tidal Investments LLC	Decreased	132,407(-31.6%)	$5.1M	0.0%	-19.25%	0
CITADEL ADVISORS LLC	Increased	123,270(+71.8%)	$4.8M	0.0%	-33.99%	40
Kestra Advisory Services, LLC	Increased	109,553(+2.5%)	$4.2M	0.0%	-29.74%	27
JPMORGAN CHASE & CO	Increased	97,380(+23.9%)	$3.8M	0.0%	-20.41%	32
Merit Financial Group, LLC	Increased	96,546(+23.2%)	$3.7M	0.0%	-28.33%	32
Focus Partners Wealth	Decreased	85,576(-1.0%)	$3.7M	0.0%	-28.93%	0
FRANKLIN RESOURCES INC	Increased	79,617(+216.7%)	$3.1M	0.0%	-26.30%	43
COMMONWEALTH EQUITY SERVICES, LLC	Increased	79,228(+14.1%)	$3.1M	0.0%	-26.58%	30
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	69,705(+3.4%)	$2.9M	0.0%	-26.50%	27
Cetera Investment Advisers	Increased	71,052(+548.0%)	$2.8M	0.0%	-24.15%	42
AXXCESS WEALTH MANAGEMENT, LLC	Increased	66,488(+17.4%)	$2.6M	0.0%	-30.39%	31
Wealthfront Advisers LLC	Decreased	61,048(-4.8%)	$2.4M	0.0%	-27.69%	0
BANK OF AMERICA CORP /DE/	Increased	49,549(+103x)	$1.9M	0.0%	-22.42%	42
ENVESTNET ASSET MANAGEMENT INC	Decreased	49,052(-15.1%)	$1.9M	0.0%	-32.95%	0
Creative Planning	Increased	40,777(+2.6%)	$1.6M	0.0%	-29.44%	26
Cerity Partners LLC	Increased	40,424(+44.2%)	$1.6M	0.0%	-31.94%	35
Lido Advisors, LLC	Decreased	31,323(-18.9%)	$1.5M	0.0%	-33.14%	0
Virtu Financial LLC	Increased	38,697(+662.8%)	$1.5M	0.1%	-21.86%	41
Sequoia Financial Advisors, LLC	Decreased	36,448(-2.0%)	$1.4M	0.0%	-35.65%	0
Aptus Capital Advisors, LLC	Increased	34,481(+17.5%)	$1.3M	0.0%	-38.28%	30
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Increased	29,177(+7893.7%)	$1.1M	0.0%	-22.43%	41
Savant Capital, LLC	Increased	25,888(+158.9%)	$1M	0.0%	-30.48%	40
CAPTRUST FINANCIAL ADVISORS	Decreased	25,252(-17.3%)	$978,010	0.0%	-29.49%	0
US BANCORP \DE\	Increased	24,820(+3.1%)	$961,278	0.0%	-24.21%	26
Corient Private Wealth LLC	Increased	24,342(+215.2%)	$941,303	0.0%	-27.35%	40
IEQ CAPITAL, LLC	Increased	23,753(+4.4%)	$919,954	0.0%	-35.72%	26
Farther Finance Advisors, LLC	Decreased	22,439(-30.5%)	$869,047	0.0%	-34.62%	0
Integrated Wealth Concepts LLC	Decreased	20,495(-26.5%)	$793,768	0.0%	-31.15%	0
RAYMOND JAMES FINANCIAL INC	Decreased	19,275(-5.7%)	$746,521	0.0%	-32.19%	0
Beacon Pointe Advisors, LLC	Decreased	18,810(-43.0%)	$728,512	0.0%	-33.49%	0
MERCER GLOBAL ADVISORS INC /ADV	Increased	18,144(+38.6%)	$702,717	0.0%	-30.04%	32
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Increased	18,087(+150.9%)	$700,510	0.0%	-30.71%	40
OSAIC HOLDINGS, INC.	Decreased	17,892(-22.3%)	$692,929	0.0%	-35.21%	0
SCS Capital Management LLC	Unchanged	15,171	$587,573	0.0%	-18.56%	0
Waverly Advisors, LLC	Decreased	14,829(-6.5%)	$574,327	0.0%	-34.09%	0
Wealthspire Advisors, LLC	Increased	13,584(+2.2%)	$526,109	0.0%	-28.54%	25
NORTHERN TRUST CORP	Increased	12,913(+0.3%)	$500,120	0.0%	-29.26%	24
NewEdge Wealth, LLC	Increased	12,166(+0.5%)	$471,189	0.0%	-27.67%	24
Private Advisor Group, LLC	Decreased	11,567(-38.1%)	$448,004	0.0%	-39.52%	0
MORGAN STANLEY	Decreased	11,256(-81.8%)	$435,945	0.0%	-40.34%	0
Orion Porfolio Solutions, LLC	Decreased	10,477(-1.1%)	$405,774	0.0%	-19.10%	0
BENJAMIN EDWARDS INC	Decreased	10,088(-0.7%)	$390,644	0.0%	-36.36%	0
BROWN ADVISORY INC	Unchanged	9,695	$375,487	0.0%	-27.69%	0
EP Wealth Advisors, LLC	Decreased	9,521(-29.8%)	$368,748	0.0%	-20.23%	0
TRUIST FINANCIAL CORP	Increased	9,379(+64.1%)	$363,249	0.0%	-26.03%	35
BANK OF MONTREAL /CAN/	Increased	9,288(+0.5%)	$359,725	0.0%	-38.40%	24
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	8,356(-18.3%)	$323,628	0.0%	-28.90%	0
Financial Engines Advisors L.L.C.	Increased	8,146(+4.0%)	$315,495	0.0%	-37.01%	24
CIBC Private Wealth Group LLC	Increased	8,021(+11.6%)	$310,646	0.0%	-18.97%	26
Pathstone Holdings, LLC	Decreased	7,844(-23.1%)	$303,797	0.0%	-27.69%	0
NewEdge Advisors, LLC	Decreased	7,079(-29.7%)	$274,174	0.0%	-24.05%	0
RWA WEALTH PARTNERS, LLC	Increased	6,910(+56.7%)	$267,624	0.0%	-34.94%	33
MAI Capital Management	Increased	6,810(+10.7%)	$263,752	0.0%	-29.40%	26
Quantinno Capital Management LP	Decreased	6,626(-5.3%)	$256,625	0.0%	-40.42%	0
AE Wealth Management LLC	Increased	6,468(+41.6%)	$250,506	0.0%	-32.67%	31
Allworth Financial LP	Decreased	5,983(-1.8%)	$231,722	0.0%	-39.20%	0
STIFEL FINANCIAL CORP	Unchanged	5,661	$219,251	0.0%	-27.69%	0
XTX Topco Ltd	Decreased	5,282(-4.5%)	$204,572	0.0%	-40.42%	0
Rockefeller Capital Management L.P.	Decreased	4,140(-4.6%)	$160,342	0.0%	-40.42%	0
ROYAL BANK OF CANADA	Decreased	3,455(-73.3%)	$134,000	0.0%	-37.46%	0
COMERICA BANK	Decreased	1,991(-6.9%)	$77,111	0.0%	-39.32%	0
UBS Group AG	Decreased	1,532(-77.0%)	$59,334	0.0%	-28.73%	0
Compagnie Lombard Odier SCmA	Decreased	1,210(-33.1%)	$46,863	0.0%	-27.69%	0
HUNTINGTON NATIONAL BANK	Unchanged	665	$25,757	0.0%	-32.36%	0
NATIONAL BANK OF CANADA /FI/	Increased	500(+71.8%)	$19,365	0.0%	-33.99%	19
TD Waterhouse Canada Inc.	Decreased	465(-17.6%)	$18,009	0.0%	-29.32%	0
WHITTIER TRUST CO	Decreased	436(-83.6%)	$17,832	0.0%	-34.94%	0
FMR LLC	Unchanged	351	$13,594	0.0%	-27.69%	0
Federation des caisses Desjardins du Quebec	Decreased	320(-1.2%)	$12,393	0.0%	-20.75%	0
BROWN BROTHERS HARRIMAN & CO	Unchanged	202	$7,823	0.0%	-25.18%	0
BlackRock, Inc.	Unchanged	159	$6,158	0.0%	-34.19%	0
FIFTH THIRD BANCORP	Unchanged	125	$4,841	0.0%	-24.13%	0
DANSKE BANK A/S	Unchanged	6	$232	0.0%	-18.56%	0
MONETA GROUP INVESTMENT ADVISORS LLC	Exited	0(-100.0%)	$246,011	0.0%	-17.86%	0
MATHER GROUP, LLC.	Exited	0(-100.0%)	$61,212	0.0%	-23.29%	0
Empower Advisory Group, LLC	Exited	0(-100.0%)	$235,328	0.0%	-23.29%	0
SCOTIA CAPITAL INC.	Exited	0(-100.0%)	$207,786	0.0%	-23.29%	0
HBK INVESTMENTS L P	Exited	0(-100.0%)	$11.5M	0.0%	-17.86%	0
SIMPLEX TRADING, LLC	Exited	0(-100.0%)	$4,835	0.0%	-13.22%	0
Kovitz Investment Group Partners, LLC	Exited	0(-100.0%)	$312,894	0.0%	-19.05%	0
GROUP ONE TRADING LLC	Exited	0(-100.0%)	$296,439	0.0%	-6.61%	0
JOHNSON INVESTMENT COUNSEL INC	Exited	0(-100.0%)	$318,412	0.0%	-23.29%	0

Grayscale Bitcoin Mini Trust (B

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