Grayscale Bitcoin Trust (BTC) (GBTC) 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 GBTC?

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

What is the Smart Money Verdict on GBTC?

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 Trust (BTC).

Is institutional money flowing into GBTC?

104 institutional investors hold Grayscale Bitcoin Trust (BTC) (GBTC). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about GBTC?

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

Grayscale Bitcoin Trust (BTC)

GBTC·389637109·US·etf·Unknown - Unknown

SHS REP COM UT

GBTC (Grayscale Bitcoin Trust (BTC)) is held by 104 institutional investors as of Q4 2025. Largest holders: HORIZON KINETICS ASSET MANAGEMENT LLC ($964.8M), LPL Financial LLC ($66.8M), HighTower Advisors, LLC ($42.4M). Net institutional sentiment: Mixed.

104

Holders

Avg rating(15 Elite)

$1.4B

Total Value

48% (109)

Fund Consensus

45 buying - 49 selling

Smart Money VerdictView all

46Weak MomentumSingle Source

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

Held by 104 funds

15 elite

No recent insider, activist, or congressional trades found for this stock

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

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
HORIZON KINETICS ASSET MANAGEMENT LLC	Decreased	14.1M(-0.5%)	$964.8M	13.0%	+536.27%	0
LPL Financial LLC	Decreased	977,214(-4.2%)	$66.8M	0.0%	-5.41%	0
HighTower Advisors, LLC	Decreased	620,363(-1.0%)	$42.4M	0.0%	-6.79%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	521,072(+234.2%)	$35.6M	0.0%	-25.93%	47
Wealthfront Advisers LLC	Decreased	354,702(-5.0%)	$24.2M	0.1%	+10.58%	0
Focus Partners Wealth	Increased	221,130(+10.5%)	$16.9M	0.0%	-0.93%	31
Cresset Asset Management, LLC	Decreased	243,904(-16.6%)	$16.7M	0.1%	-8.43%	0
COMMONWEALTH EQUITY SERVICES, LLC	Decreased	207,463(-9.2%)	$14.2M	0.0%	-7.25%	0
Lido Advisors, LLC	Increased	159,295(+9.7%)	$13.9M	0.0%	-22.02%	31
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Decreased	184,647(-3.0%)	$13.3M	0.0%	-12.42%	0
Cetera Investment Advisers	Increased	184,976(+250.6%)	$12.6M	0.0%	-28.75%	45
Mariner, LLC	Increased	173,207(+1.2%)	$11.8M	0.0%	-10.73%	28
Creative Planning	Increased	135,990(+0.6%)	$9.3M	0.0%	-22.49%	28
RENAISSANCE TECHNOLOGIES LLC	Increased	120,100(+273.0%)	$8.2M	0.0%	-26.93%	44
Sequoia Financial Advisors, LLC	Decreased	118,945(-1.0%)	$8.1M	0.0%	-7.68%	0
IEQ CAPITAL, LLC	Increased	117,106(+3.5%)	$8M	0.0%	-32.29%	28
BLAIR WILLIAM & CO/IL	Decreased	107,329(-0.2%)	$7.3M	0.0%	-7.09%	0
Kestra Advisory Services, LLC	Decreased	100,737(-0.7%)	$6.9M	0.0%	-12.57%	0
MILLENNIUM MANAGEMENT LLC	Unchanged	100,000	$6.8M	0.0%	-16.99%	0
MORGAN STANLEY	Increased	93,441(+129.9%)	$6.4M	0.0%	-30.73%	44
RAYMOND JAMES FINANCIAL INC	Decreased	87,523(-6.3%)	$6M	0.0%	-32.78%	0
CITADEL ADVISORS LLC	New	83,822	$5.7M	0.0%	-22.49%	37
OSAIC HOLDINGS, INC.	Increased	82,156(+7.8%)	$5.6M	0.0%	-30.93%	29
SCS Capital Management LLC	Unchanged	75,957	$5.2M	0.1%	-19.64%	0
MERCER GLOBAL ADVISORS INC /ADV	Increased	72,584(+49.3%)	$5M	0.0%	-16.14%	37
Farther Finance Advisors, LLC	Increased	72,070(+1.7%)	$4.9M	0.1%	-34.02%	27
ENVESTNET ASSET MANAGEMENT INC	Decreased	69,568(-27.4%)	$4.8M	0.0%	-8.55%	0
Kovitz Investment Group Partners, LLC	Increased	64,222(+178.0%)	$4.4M	0.1%	-18.49%	43
Cerity Partners LLC	Increased	62,791(+21.1%)	$4.3M	0.0%	-5.75%	32
NewEdge Wealth, LLC	Increased	60,855(+0.5%)	$4.2M	0.0%	-6.89%	27
Virtu Financial LLC	Increased	55,584(+141.6%)	$3.8M	0.1%	-25.73%	51
BROWN ADVISORY INC	Unchanged	51,616	$3.5M	0.0%	-6.46%	0
US BANCORP \DE\	Decreased	47,613(-6.1%)	$3.3M	0.0%	-5.14%	0
Merit Financial Group, LLC	Decreased	47,418(-14.8%)	$3.2M	0.0%	-17.61%	0
Corient Private Wealth LLC	Increased	80,990(+70.4%)	$3.2M	0.0%	-26.60%	39
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	46,863(-5.8%)	$3.2M	0.0%	-10.11%	0
NewEdge Advisors, LLC	Decreased	42,652(-11.0%)	$2.9M	0.0%	-9.51%	0
Wealthspire Advisors, LLC	Decreased	42,395(-0.7%)	$2.9M	0.0%	-9.22%	0
CAPTRUST FINANCIAL ADVISORS	Decreased	38,536(-1.8%)	$2.6M	0.0%	-7.63%	0
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Increased	35,561(+36.5%)	$2.4M	0.0%	-36.75%	34
Private Advisor Group, LLC	Decreased	33,298(-9.6%)	$2.3M	0.0%	-13.57%	0
Waverly Advisors, LLC	Decreased	32,813(-2.8%)	$2.2M	0.0%	-7.88%	0
Pathstone Holdings, LLC	Decreased	32,247(-15.4%)	$2.2M	0.0%	-12.07%	0
TRUIST FINANCIAL CORP	Increased	30,737(+7.2%)	$2.1M	0.0%	-9.77%	28
STIFEL FINANCIAL CORP	Unchanged	28,792	$2M	0.0%	-7.55%	0
MAI Capital Management	Increased	28,026(+23.5%)	$1.9M	0.0%	-27.69%	31
CIBC Private Wealth Group LLC	Increased	27,281(+10.1%)	$1.9M	0.0%	-8.65%	28
Financial Engines Advisors L.L.C.	Decreased	27,216(-13.8%)	$1.9M	0.0%	-36.81%	0
Steward Partners Investment Advisory, LLC	Decreased	26,910(-2.7%)	$1.8M	0.0%	-36.38%	0
Integrated Wealth Concepts LLC	Decreased	23,830(-35.9%)	$1.6M	0.0%	-12.35%	0
JANE STREET GROUP, LLC	Decreased	23,141(-90.5%)	$1.6M	0.0%	-31.58%	0
Beacon Pointe Advisors, LLC	Increased	22,546(+2.8%)	$1.5M	0.0%	-7.65%	26
Sanctuary Advisors, LLC	Decreased	21,129(-11.7%)	$1.4M	0.0%	+9.21%	0
Pinnacle Financial Partners, Inc.	New	20,180	$1.4M	0.0%	-22.49%	35
MONETA GROUP INVESTMENT ADVISORS LLC	Decreased	19,070(-11.0%)	$1.3M	0.0%	-7.30%	0
ROYAL BANK OF CANADA	Decreased	18,444(-72.3%)	$1.3M	0.0%	-38.06%	0
RWA WEALTH PARTNERS, LLC	Decreased	17,318(-0.6%)	$1.2M	0.0%	-33.64%	0
&PARTNERS	Increased	16,689(+41.3%)	$1.1M	0.0%	-27.05%	34
AE Wealth Management LLC	Decreased	15,937(-3.8%)	$1.1M	0.0%	-1.96%	0
REGIONS FINANCIAL CORP	Increased	15,049(+4.4%)	$1M	0.0%	+8.64%	26
Aptus Capital Advisors, LLC	Increased	13,958(+0.6%)	$954,169	0.0%	-28.74%	25
BANK OF MONTREAL /CAN/	Increased	13,939(+27.3%)	$952,870	0.0%	-27.81%	31
BlackRock, Inc.	Unchanged	13,220	$903,719	0.0%	-36.61%	0
AXXCESS WEALTH MANAGEMENT, LLC	Increased	11,005(+39.8%)	$752,302	0.0%	-12.30%	33
Optiver Holding B.V.	New	10,303	$704,313	0.0%	-22.49%	34
Chevy Chase Trust Holdings, LLC	Decreased	10,182(-0.0%)	$696,042	0.0%	-6.80%	0
EP Wealth Advisors, LLC	Increased	9,220(+3.0%)	$630,279	0.0%	-3.02%	25
Quantinno Capital Management LP	Increased	8,551(+3.6%)	$584,546	0.0%	-38.04%	25
Rathbones Group PLC	Unchanged	8,330	$569,438	0.0%	-12.26%	0
Orion Porfolio Solutions, LLC	Increased	8,270(+1.3%)	$565,337	0.0%	+0.17%	25
Equitable Holdings, Inc.	Decreased	8,020(-8.4%)	$548,247	0.0%	-8.29%	0
Empower Advisory Group, LLC	Decreased	7,876(-48.0%)	$538,403	0.0%	-7.16%	0
Savant Capital, LLC	Decreased	7,809(-21.2%)	$533,824	0.0%	-6.75%	0
Williams Jones Wealth Management, LLC.	Unchanged	7,705	$526,714	0.0%	+96.28%	0
SCOTIA CAPITAL INC.	Decreased	7,346(-51.1%)	$502,137	0.0%	-2.87%	0
HB Wealth Management, LLC	Increased	7,195(+8.9%)	$491,857	0.0%	+5.40%	26
JOHNSON INVESTMENT COUNSEL INC	Decreased	6,823(-66.1%)	$466,420	0.0%	-6.46%	0
Rockefeller Capital Management L.P.	Increased	6,488(+715.1%)	$443,520	0.0%	-25.31%	39
Schonfeld Strategic Advisors LLC	Decreased	6,348(-15.3%)	$433,949	0.0%	-23.80%	0
Compagnie Lombard Odier SCmA	Decreased	6,050(-33.1%)	$413,578	0.0%	-5.68%	0
FMR LLC	Increased	5,699(+28.4%)	$389,584	0.0%	-31.24%	20
CIBC WORLD MARKET INC.	Decreased	5,609(-10.9%)	$383,431	0.0%	-21.54%	0
TD Waterhouse Canada Inc.	Decreased	4,962(-9.1%)	$339,153	0.0%	-13.95%	0
Invesco Ltd.	Increased	4,684(+25.4%)	$320,198	0.0%	-13.78%	20
Allworth Financial LP	Decreased	4,636(-12.7%)	$316,917	0.0%	-9.60%	0
COMMERCE BANK	Decreased	4,311(-6.5%)	$294,699	0.0%	-13.03%	0
OneDigital Investment Advisors LLC	Decreased	3,527(-5.4%)	$241,106	0.0%	-13.18%	0
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Increased	3,234(+53.7%)	$221,076	0.0%	-22.86%	32
COMERICA BANK	Unchanged	2,972	$203,166	0.0%	-6.04%	0
BARCLAYS PLC	New	2,950	$201,662	0.0%	-22.49%	35
HUNTINGTON NATIONAL BANK	Unchanged	2,777	$189,836	0.0%	-22.99%	0
BANK OF AMERICA CORP /DE/	Increased	2,703(+10.9%)	$184,777	0.0%	-28.59%	17
Federation des caisses Desjardins du Quebec	Increased	2,620(+4.2%)	$179,089	0.0%	-19.93%	24
WHITTIER TRUST CO	Unchanged	2,184	$157,685	0.0%	-6.80%	0
WELLS FARGO & COMPANY/MN	Unchanged	2,246	$153,552	0.0%	-7.21%	0
GROUP ONE TRADING LLC	New	1,648	$112,657	0.0%	-22.49%	30
Vident Advisory, LLC	Unchanged	1,500	$102,540	0.0%	-40.73%	0
JPMORGAN CHASE & CO	Increased	1,322(+87.8%)	$90,372	0.0%	-23.18%	23
BROWN BROTHERS HARRIMAN & CO	Unchanged	971	$66,378	0.0%	-8.84%	0
NATIONAL BANK OF CANADA /FI/	Increased	250(+25.0%)	$17,088	0.0%	-7.18%	15
ASSETMARK, INC	Decreased	173(-6.0%)	$11,826	0.0%	-31.85%	0
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	Unchanged	107	$7,315	0.0%	-36.81%	0
FIFTH THIRD BANCORP	Unchanged	100	$6,836	0.0%	-40.73%	0
UBS Group AG	New	100	$6,836	0.0%	-22.49%	24
MML INVESTORS SERVICES, LLC	Exited	0(-100.0%)	$203,778	0.0%	-23.54%	0
SIMPLEX TRADING, LLC	Exited	0(-100.0%)	$1,718	0.0%	-23.54%	0
Belvedere Trading LLC	Exited	0(-100.0%)	$243,636	0.0%	-20.92%	0
IMC-Chicago, LLC	Exited	0(-100.0%)	$18.7M	0.0%	-13.00%	0
Qube Research & Technologies Ltd	Exited	0(-100.0%)	$511,150	0.0%	-23.54%	0

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