Vault-13

GRAYSCALE BITCOIN MINI TR ET BTC

SHS NEW · ETP · CUSIP 389930207

463 institutional holders -28 vs Q1 2026
35,149,11735.1m shares reported held*
$913.0mreported value*
40 new 140 added 119 reduced 65 sold out net bought ≈ $77.2m (+3.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $25.97. Options: 6 managers hold calls ($19.1m notional), 6 hold puts ($8.2m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 24: 2Q4 24: 365Q1 25: 405Q2 25: 458Q3 25: 496Q4 25: 515Q1 26: 491Q2 26: 463463Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 20242
Q4 2024365
Q1 2025405
Q2 2025458
Q3 2025496
Q4 2025515
Q1 2026491
Q2 2026463

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 24: 327 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 193 bought or addedQ1 25: 111 cut or sold outQ2 25: 209 bought or addedQ2 25: 97 cut or sold outQ2 25Q3 25: 249 bought or addedQ3 25: 122 cut or sold outQ4 25: 217 bought or addedQ4 25: 175 cut or sold outQ4 25Q1 26: 229 bought or addedQ1 26: 180 cut or sold outQ2 26: 180 bought or addedQ2 26: 184 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20243272
Q1 2025193111
Q2 202520997
Q3 2025249122
Q4 2025217175
Q1 2026229180
Q2 2026180184

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ3 25 calls: $27.0mQ3 25 puts: $13.4mQ3 25P/C 0.49Q4 25 calls: $27.1mQ4 25 puts: $12.4mQ4 25P/C 0.46Q1 26 calls: $25.0mQ1 26 puts: $10.7mQ1 26P/C 0.43Q2 26 calls: $19.1mQ2 26 puts: $8.2mQ2 26P/C 0.43
Numbers
QuarterCallsPutsP/C
Q3 2025$27.0m$13.4m0.49
Q4 2025$27.1m$12.4m0.46
Q1 2026$25.0m$10.7m0.43
Q2 2026$19.1m$8.2m0.43

Biggest buyers

HORIZON KINETICS ASSET MANAGEMENT LLC Added +3,063,577+3.1m
WELLS FARGO & COMPANY/MN Added +485,958+486.0k
Verde Capital Management Added +311,893+311.9k
Paragon Advisors, LLC Added +232,912+232.9k
Pacific Excel Wealth Advisors, Inc. New +205,477+205.5k
Virtu Financial LLC New +165,079+165.1k
Cambridge Investment Research Advisors, Inc. Added +148,002+148.0k
MORGAN STANLEY Added +139,990+140.0k
Pasadena Private Wealth, LLC Added +123,711+123.7k
Betterment LLC Added +112,584+112.6k

Biggest sellers

Steward Partners Investment Advisory, LLC Reduced -843,418-843.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -838,400-838.4k
MILLENNIUM MANAGEMENT LLC Reduced -575,769-575.8k
Beacon Pointe Advisors, LLC Reduced -249,782-249.8k
RIVERSEDGE ADVISORS, LLC Reduced -228,399-228.4k
JANE STREET GROUP, LLC Sold out -194,603-194.6k
Gem Investment Advisors, LLC Reduced -103,883-103.9k
BECK CAPITAL MANAGEMENT, LLC Sold out -76,607-76.6k
HFG Wealth Management, LLC Reduced -74,846-74.8k
AlTi Global, Inc. Sold out -60,197-60.2k

Biggest calls

IMC-Chicago, LLC Reduced $5.5m211.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.4m209.4k shares
CITADEL ADVISORS LLC Reduced $5.2m199.5k shares
JANE STREET GROUP, LLC Reduced $1.4m54.6k shares
SIMPLEX TRADING, LLC Reduced $1.3m50.7k shares
GROUP ONE TRADING LLC Added $280.3k10.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m123.6k shares
CITADEL ADVISORS LLC Added $2.4m92.1k shares
IMC-Chicago, LLC Reduced $2.0m77.5k shares
SIMPLEX TRADING, LLC Reduced $324.4k12.5k shares
JANE STREET GROUP, LLC Reduced $246.5k9.5k shares
GROUP ONE TRADING LLC Reduced $2.6k100 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HORIZON KINETICS ASSET MANAGEMENT LLC 1.79% of their portfolio NEW YORK, NY 6,067,9936.1m $157.5m $157.5m 1.79% Added +3.1m +3,063,577
2 Bullish 65.87% of their portfolio GEORGE TOWN, E9 4,523,9634.5m $117.4m $117.4m 65.87% Unchanged
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,564,8962.6m $66.6m $66.6m 0.01% Added +486.0k +485,958
4 EMORY UNIVERSITY 21.95% of their portfolio ATLANTA, GA 1,354,1481.4m $35.1m $35.1m 21.95% Unchanged
5 Paragon Advisors, LLC 7.12% of their portfolio COLLEGE STATION, TX 1,306,3421.3m $33.9m $33.9m 7.12% Added +232.9k +232,912
6 Tidal Investments LLC 0.07% of their portfolio Milwaukee, WI 1,093,7831.1m $28.4m $28.4m 0.07% Added +102.7k +102,673
7 Sloy Dahl & Holst, LLC 3.06% of their portfolio Vancouver, WA 954,568954.6k $24.8m $24.8m 3.06% Added +104.0k +103,954
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 859,068859.1k $22.3m $22.3m 0.00% Added +140.0k +139,990
9 KALEIDOSCOPE CAPITAL LP 6.12% of their portfolio BOSTON, MA 637,727637.7k $16.5m $16.5m 6.12% Added +26.0k +25,980
10 SteelPeak Wealth, LLC 0.40% of their portfolio WOODLAND HILLS, CA 585,796585.8k $15.2m $15.2m 0.40% Reduced -13.7k -13,735
11 Ovata Capital Management Ltd 1.08% of their portfolio HONG KONG, K3 551,872551.9k $14.3m $14.3m 1.08% Reduced -16.0k -16,000
12 ParaFi Capital LP 4.83% of their portfolio NEW YORK, NY 520,000520.0k $13.5m $13.5m 4.83% Unchanged
13 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 517,836517.8k $13.4m $13.4m 0.07% Reduced -843.4k -843,418
14 Betterment LLC 0.02% of their portfolio NEW YORK, NY 385,238385.2k $10.0m $10.0m 0.02% Added +112.6k +112,584
15 NewEdge Wealth, LLC 0.10% of their portfolio STAMFORD, CT 381,271381.3k $9.9m $9.9m 0.10% Reduced -2.3k -2,293
16 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 360,740360.7k $9.4m $9.4m 0.00% Added +78.6k +78,611
17 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 359,999360.0k $9.3m $9.3m 0.01% Reduced -100 -100
18 Pasadena Private Wealth, LLC 1.17% of their portfolio PASADENA, CA 351,755351.8k $9.1m $9.1m 1.17% Added +123.7k +123,711
19 Apriem Advisors 0.74% of their portfolio IRVINE, CA 330,202330.2k $8.6m $8.6m 0.74% Added +43.9k +43,943
20 EagleClaw Capital Managment, LLC 1.12% of their portfolio BOSTON, MA 320,872320.9k $8.3m $8.3m 1.12% Added +7.2k +7,195
21 Verde Capital Management 1.54% of their portfolio CLARKSTON, MI 320,526320.5k $8.3m $8.3m 1.54% Added +311.9k +311,893
22 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 286,790286.8k $7.4m $7.4m 0.01% Added +148.0k +148,002
23 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 286,710286.7k $7.4m $7.4m 0.02% Added +58.8k +58,814
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 273,410273.4k $7.1m $7.1m 0.00% Added +69.8k +69,840
25 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 256,832256.8k $6.7m $6.7m 0.00% Reduced -575.8k -575,769
26 Mariner, LLC 0.01% of their portfolio Overland Park, KS 252,904252.9k $6.6m $6.6m 0.01% Added +30.5k +30,500
27 Heritage Family Offices, LLP 2.06% of their portfolio SCOTTSDALE, AZ 205,477205.5k $5.3m $5.3m 2.06% Added +76.3k +76,289
28 Pacific Excel Wealth Advisors, Inc. 2.06% of their portfolio WALNUT CREEK, CA 205,477205.5k $5.3m $5.3m 2.06% New
29 Reliant Wealth Planning 1.33% of their portfolio LOUISVILLE, KY 186,312186.3k $4.8m $4.8m 1.33% Added +5.5k +5,469
30 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 173,925173.9k $4.5m $4.5m 0.01% Added +18.1k +18,061
31 MATAURO, LLC 0.59% of their portfolio NEW YORK, NY 170,767170.8k $4.4m $4.4m 0.59% Added +5.9k +5,890
32 VVR Holdings LLC 1.90% of their portfolio BELLINGHAM, WA 168,908168.9k $4.4m $4.4m 1.90% Added +33.0k +33,008
33 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 168,492168.5k $4.4m $4.4m 0.02% Reduced -2.5k -2,491
34 Virtu Financial LLC 0.13% of their portfolio New York, NY 165,079165.1k $4.3m $4.3m 0.13% New
35 Exit Wealth Advisors, LLC. 1.91% of their portfolio ATLANTA, GA 161,725161.7k $4.2m $4.2m 1.91% Added +26.8k +26,824
36 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 161,416161.4k $4.2m $4.2m 0.01% Added +26.3k +26,289
37 Moors & Cabot, Inc. 0.16% of their portfolio BOSTON, MA 161,265161.3k $4.2m $4.2m 0.16% Reduced -7.8k -7,839
38 Stonebrook Private Inc. 0.73% of their portfolio NORTHVILLE, MI 154,323154.3k $4.0m $4.0m 0.73% Added +4.4k +4,428
39 ShoreHaven Wealth Partners, LLC 1.19% of their portfolio Red Bank, NJ 145,908145.9k $3.8m $3.8m 1.19% Added +57.4k +57,381
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 145,717145.7k $3.9m $3.9m 0.00% Added +57.4k +57,441
41 Beaumont Financial Advisors, LLC 0.24% of their portfolio NEEDHAM, MA 145,081145.1k $3.8m $3.8m 0.24% Reduced -1.9k -1,866
42 Ascension Capital Advisors, Inc. 1.05% of their portfolio Houston, TX 144,683144.7k $3.8m $3.8m 1.05% Added +7.5k +7,536
43 Financial Security Advisor, Inc. 0.60% of their portfolio VIRGINIA BEACH, VA 142,916142.9k $3.7m $3.7m 0.60% Added +12.9k +12,851
44 RIVERSEDGE ADVISORS, LLC 0.49% of their portfolio Wilmington, DE 141,650141.7k $3.7m $3.7m 0.49% Reduced -228.4k -228,399
45 MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio BENE-BERAQ, L3 141,129141.1k $3.7m $3.7m 0.02% Added +34.4k +34,436
46 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 127,533127.5k $3.3m $3.3m 0.00% Added +41.7k +41,721
47 One Charles Private Wealth Services, LLC 0.74% of their portfolio HINGHAM, MA 123,284123.3k $3.2m $3.2m 0.74% Reduced -719 -719
48 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 122,160122.2k $3.2m $3.2m 0.00% Added +81.0k +81,000
49 HFG Wealth Management, LLC 3.09% of their portfolio The Woodlands, TX 118,551118.6k $3.1m $3.1m 3.09% Reduced -74.8k -74,846
50 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 109,411109.4k $2.8m $2.8m 0.00% New
51 Cushing Capital Partners, LLC 1.90% of their portfolio DELAFIELD, WI 106,264106.3k $2.8m $2.8m 1.90% Added +11.6k +11,603
52 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 99,46499.5k $2.6m $2.6m 0.02% Reduced -2.9k -2,939
53 Abacus Planning Group, Inc. 0.32% of their portfolio COLUMBIA, SC 99,24999.2k $2.6m $2.6m 0.32% Added +19 +19
54 Centurion Wealth Management LLC 0.57% of their portfolio Mclean, VA 92,44092.4k $2.4m $2.4m 0.57% Added +84.4k +84,447
55 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 90,83190.8k $2.4m $2.4m 0.00% Reduced -943 -943
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 90,41990.4k $2.3m $2.3m 0.00% Reduced -838.4k -838,400
57 Weil Company, Inc. 0.41% of their portfolio SAN DIEGO, CA 89,01189.0k $2.3m $2.3m 0.41% Added +23.8k +23,804
58 R. W. Roge & Company, Inc. 0.96% of their portfolio BOHEMIA, NY 87,23887.2k $2.3m $2.3m 0.96% Added +5.9k +5,857
59 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 86,44086.4k $2.2m $2.2m 0.00% Reduced -24.5k -24,491
60 Elevate Capital Advisors, LLC 1.21% of their portfolio EAGLE, CO 84,44784.4k $2.2m $2.2m 1.21% Added +69.7k +69,749
61 Aptus Capital Advisors, LLC 0.02% of their portfolio FAIRHOPE, AL 83,50483.5k $2.2m $2.2m 0.02% Added +3.6k +3,572
62 MAD RIVER INVESTORS 0.79% of their portfolio BOSTON, MA 81,51781.5k $2.1m $2.1m 0.79% Added +300 +300
63 KINGSWOOD WEALTH ADVISORS, LLC 0.08% of their portfolio SAN DIEGO, CA 77,22177.2k $2.0m $2.0m 0.08% Added +354 +354
64 Quadcap Wealth Management, LLC 0.19% of their portfolio Frisco, TX 73,61273.6k $1.9m $1.9m 0.19% Added +301 +301
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 69,46269.5k $1.8m $1.8m 0.00% Added +17.5k +17,480
66 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 69,33669.3k $1.8m $1.8m 0.00% Reduced -10.5k -10,511
67 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 66,56766.6k $1.7m $1.7m 0.00% Reduced -16.0k -16,045
68 Aries Wealth Management 0.33% of their portfolio PORTLAND, ME 64,54264.5k $1.7m $1.7m 0.33% Added +840 +840
69 FFG Partners, LLC 0.47% of their portfolio Fort Lauderdale, FL 63,23263.2k $1.6m $1.6m 0.47% New
70 THRYVE WEALTH MANAGEMENT LLC 0.87% of their portfolio IRVING, TX 60,31460.3k $1.6m $1.6m 0.87% Added +2.1k +2,051
71 Balboa Wealth Partners 0.21% of their portfolio SCOTTSDALE, AZ 58,31858.3k $1.5m $1.5m 0.21% Added +8.0k +7,985
72 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 57,41057.4k $1.5m $1.5m 0.00% Reduced -1.9k -1,926
73 Pettinga Financial Advisors LLC 0.24% of their portfolio EVANSVILLE, IN 57,05357.1k $1.5m $1.5m 0.24% Added +1.9k +1,931
74 Fielder Capital Group LLC 0.32% of their portfolio NASHVILLE, TN 56,63856.6k $1.5m $1.5m 0.32% Reduced -47.0k -47,019
75 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 54,05754.1k $1.4m $1.4m 0.00% Reduced -14.9k -14,885
76 McKinley Carter Wealth Services, Inc. 0.07% of their portfolio WHEELING, WV 53,04053.0k $1.4m $1.4m 0.07% Unchanged
77 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 50,24550.2k $1.3m $1.3m 0.00% Added +10.7k +10,691
78 THEORY FINANCIAL LLC 0.40% of their portfolio FORT COLLINS, CO 48,91948.9k $1.3m $1.3m 0.40% Added +443 +443
79 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 48,74848.7k $1.3m $1.3m 0.01% Added +1.4k +1,437
80 Addison Capital Co 0.20% of their portfolio Conshohocken, PA 46,58446.6k $1.2m $1.2m 0.20% Reduced -380 -380
81 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 46,54146.5k $1.2m $1.2m 0.00% Added +1.6k +1,612
82 Werba Rubin Papier Wealth Management 0.14% of their portfolio SAN JOSE, CA 45,15145.2k $1.2m $1.2m 0.14% Added +34.4k +34,366
83 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 44,81944.8k $1.2m $1.2m 0.00% Reduced -1.6k -1,621
84 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 44,50444.5k $1.2m $1.2m 0.00% Added +5.7k +5,736
85 Van Hulzen Asset Management, LLC 0.08% of their portfolio EL DORADO HILLS, CA 44,36844.4k $1.2m $1.2m 0.08% Reduced -10.6k -10,557
86 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 44,29844.3k $1.1m $1.1m 0.01% Reduced -7.8k -7,789
87 Red Door Wealth Management, LLC 0.10% of their portfolio Memphis, TN 44,23344.2k $1.1m $1.1m 0.10% Added +549 +549
88 Waterloo Capital, L.P. 0.06% of their portfolio AUSTIN, TX 44,11444.1k $1.1m $1.1m 0.06% Reduced -13.2k -13,155
89 Pekin Hardy Strauss, Inc. 0.10% of their portfolio CHICAGO, IL 43,78643.8k $1.1m $1.1m 0.10% Added +7.1k +7,125
90 Upper Left Wealth Management, LLC 0.62% of their portfolio TAMPA, FL 43,31543.3k $1.1m $1.1m 0.62% Added +13.2k +13,218
91 ATX Financial Planning, LLC 0.74% of their portfolio AUSTIN, TX 42,83942.8k $1.1m $1.1m 0.74% Added +337 +337
92 TigerOak Management, L.L.C. 0.31% of their portfolio NASHVILLE, TN 42,64342.6k $1.1m $1.1m 0.31% Reduced -5.4k -5,434
93 TRAPHAGEN INVESTMENT ADVISORS LLC 0.08% of their portfolio ORADELL, NJ 42,24542.2k $1.1m $1.1m 0.08% Added +502 +502
94 Gem Investment Advisors, LLC 0.66% of their portfolio TEANECK, NJ 41,61741.6k $1.1m $1.1m 0.66% Reduced -103.9k -103,883
95 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 39,78039.8k $1.1m $1.1m 0.00% Reduced -2.2k -2,166
96 Foundation Wealth Management, LLC 0.60% of their portfolio Clayton, MO 38,85838.9k $1.0m $1.0m 0.60% Added +12.5k +12,461
97 SIGNATUREFD, LLC 0.01% of their portfolio ATLANTA, GA 38,31838.3k $994.4k $994.4k 0.01% Added +10.9k +10,871
98 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 37,83337.8k $981.8k $981.8k 0.01% Reduced -1.1k -1,127
99 Cooper Financial Group 0.08% of their portfolio IRVINE, CA 37,68637.7k $978.0k $978.0k 0.08% Added +14.6k +14,646
100 EQ WEALTH ADVISORS, LLC 0.53% of their portfolio DALLAS, TX 37,33037.3k $968.7k $968.7k 0.53% Added +286 +286