Who Owns Grayscale Bitcoin Mini Trust ETF (BTC)?Hedge Fund & Institutional Holders

$31.46+0.28 (+0.90%)TechnologyNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$1.2200011607655e+210T

% of Float Held

—

QoQ Change in Holders

+14 / -4

Price History

$26.45$33.73$41.01$48.29$55.57Sep 24Jun 25Mar 26

BTC — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Paragon Advisors, LLCNew Position+669K+$25.9M
SteelPeak Wealth, LLCNew Position+599K+$23.2M
Pasadena Private Wealth, LLCNew Position+310K+$12.0M
ASSETMARK, INCIncreased+188K+$5.2M
Exit Wealth Advisors, LLC.New Position+121K+$4.7M
VVR Holdings LLCNew Position+116K+$4.5M
Stonebrook Private Inc.New Position+109K+$4.2M
Beaumont Financial Advisors, LLCNew Position+99K+$3.8M
Financial Security Advisor, Inc.New Position+98K+$3.8M
ShoreHaven Wealth Partners, LLCNew Position+98K+$3.8M
Merit Financial Group, LLCNew Position+97K+$3.7M
Fielder Capital Group LLCNew Position+83K+$3.2M
COMMONWEALTH EQUITY SERVICES, LLCNew Position+79K+$3.0M
R. W. Roge & Company, Inc.New Position+77K+$3.0M
WEALTH ENHANCEMENT ADVISORY SERVICES, LLCNew Position+70K+$2.9M

BTC — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
HORIZON KINETICS ASSET MANAGEMENT LLCDecreased-3K-$151.8B
KALEIDOSCOPE CAPITAL LPDecreased-86K-$27.5B
Elequin Capital, LPClosed Position-361K-$18.3B
HBK INVESTMENTS L PClosed Position-227K-$11.5B
RIVERSEDGE ADVISORS, LLCDecreased-30K-$11.4B
OLD MISSION CAPITAL LLCClosed Position-202K-$10.2B
Tidal Investments LLCDecreased-61K-$9.8B
Reliant Wealth PlanningDecreased-4K-$8.6B
Spahn Wealth & Retirement LLCDecreased-135K-$8.5B
HFG Wealth Management, LLCDecreased-3K-$7.7B
Redhawk Wealth Advisors, Inc.Closed Position-151K-$7.7B
BECK CAPITAL MANAGEMENT, LLCDecreased-107K-$7.3B
Focus Partners WealthDecreased-852-$4.4B
MAD RIVER INVESTORSDecreased-5K-$4.2B
MORGAN STANLEYDecreased-50K-$3.1B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1MILLENNIUM MANAGEMENT LLC3,167,718$122.0M0.05%Share
2HORIZON KINETICS ASSET MANAGEMENT LLC2,997,060$116.1M1.57%Share
3JANE STREET GROUP, LLC1,423,563$55.0M0.01%Share
4Steward Partners Investment Advisory, LLC1,297,393$50.0M0.27%Share
5EMORY UNIVERSITY1,023,417$39.6M25.24%Share
6WELLS FARGO & COMPANY/MN868,540$33.0M0.01%Share
7Sloy Dahl & Holst, LLC807,296$31.3M3.75%Share
8Paragon Advisors, LLC669,058$25.9M7.04%Share
9SteelPeak Wealth, LLC599,356$23.2M0.76%Share
10ParaFi Capital LP520,000$20.1M5.62%Share
11WELLS FARGO & COMPANY/MN475,974$18.0M0.00%Share
12KALEIDOSCOPE CAPITAL LP457,091$17.7M6.76%Share
13SUSQUEHANNA INTERNATIONAL GROUP, LLP419,315$16.0M0.00%Share
14HighTower Advisors, LLC347,474$13.0M0.01%Share
15Pasadena Private Wealth, LLC310,465$12.0M1.63%Share
16EagleClaw Capital Managment, LLC301,190$11.0M1.59%Share
17Multicoin Capital Management, LLC264,361$10.2M8.95%Share
18SUSQUEHANNA INTERNATIONAL GROUP, LLP258,500$10.0M0.00%Call
19RIVERSEDGE ADVISORS, LLC196,580$7.6M1.24%Share
20ASSETMARK, INC188,510$7.3M0.01%Share
21LPL Financial LLC201,221$7.0M0.00%Share
22MML INVESTORS SERVICES, LLC185,011$7.0M0.02%Share
23Reliant Wealth Planning165,433$6.4M2.00%Share
24HFG Wealth Management, LLC159,218$6.2M3.40%Share
25Mariner, LLC162,615$6.0M0.01%Share
26SUSQUEHANNA INTERNATIONAL GROUP, LLP164,000$6.0M0.00%Put
27Apriem Advisors145,667$5.6M0.52%Share
28AXXCESS WEALTH MANAGEMENT, LLC133,176$5.2M0.02%Share
29RENAISSANCE TECHNOLOGIES LLC135,560$5.0M0.01%Share
30Tidal Investments LLC132,407$5.0M0.01%Share
31Moors & Cabot, Inc.152,061$5.0M0.21%Share
32One Charles Private Wealth Services, LLC122,551$4.7M1.23%Share
33Exit Wealth Advisors, LLC.120,890$4.7M2.77%Share
34VVR Holdings LLC115,552$4.5M2.33%Share
35Stonebrook Private Inc.109,453$4.2M0.89%Share
36Cambridge Investment Research Advisors, Inc.120,093$4.0M0.01%Share
37WELLS FARGO & COMPANY/MN109,500$4.0M0.00%Share
38Kestra Advisory Services, LLC109,553$4.0M0.02%Share
39CITADEL ADVISORS LLC123,270$4.0M0.00%Share
40CITADEL ADVISORS LLC111,500$4.0M0.00%Call
41Beaumont Financial Advisors, LLC99,004$3.8M0.25%Share
42Financial Security Advisor, Inc.97,826$3.8M0.73%Share
43ShoreHaven Wealth Partners, LLC97,664$3.8M1.36%Share
44Merit Financial Group, LLC96,546$3.7M0.03%Share
45Fielder Capital Group LLC82,536$3.2M0.68%Share
46MAD RIVER INVESTORS77,647$3.0M1.37%Share
47DRW Securities, LLC97,499$3.0M0.08%Share
48JPMORGAN CHASE & CO97,180$3.0M0.00%Share
49COMMONWEALTH EQUITY SERVICES, LLC79,228$3.0M0.00%Share
50Focus Partners Wealth85,576$3.0M0.00%Share

BTC Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025494$909.6M+207
Q3 2025287$837.2B-127
Q2 2025414$670.9B+17
Q1 2025397$463.6B+111
Q4 2024286$19.2T—

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As of Q4 2025, 50 institutional investors hold BTC (Grayscale Bitcoin Mini Trust ETF). The largest holder is MILLENNIUM MANAGEMENT LLC with $122.0M in shares. This quarter, 14 institutions opened new positions and 4 closed their positions.

Frequently Asked Questions

How many hedge funds own BTC?

As of Q4 2025, 50 institutional investors report holding BTC (Grayscale Bitcoin Mini Trust ETF) in their 13F filings.

Who is the largest institutional holder of BTC?

The largest institutional holder of BTC is MILLENNIUM MANAGEMENT LLC with $122.0M in shares.

Is institutional ownership of BTC increasing or decreasing?

This quarter, 14 institutions opened new positions in BTC and 4 closed their positions.