The purpose of this Supplement is to disclose (i) the consummation of an internal corporate reorganization by the sponsor of the Trust, (ii) the assignment of certain contracts by the sponsor of the Trust and (iii) the admission of an additional sponsor of the Trust. … On January 1, 2025, Grayscale Investments, LLC (“GSI”) consummated an internal corporate reorganization (the “Reorganization”), pursuant to which GSI, the sponsor of the Trust prior to the Reorganization, merged with and into Grayscale Operating, LLC, a Delaware limited liability company and a wholly owned indirect subsidiary of Digital Currency Group, Inc. (“GSO”), with GSO continuing as the surviving company (the “Merger”). … As a result of the Merger, GSO succeeded by operation of law to all the rights, powers, privileges and franchises and became subject to all of the obligations, liabilities, restrictions and disabili…
BTC Grayscale Bitcoin Mini Trust ETF
Who holds it, from every 13F report, and what changed in its prospectus.
13F holders, quarter ending 2026-06-30 13F data can be up to 45 days old
463 institutions reported BTC: 49 new since 2026-03-31, 75 sold out.
| Institution | Shares | Value | vs quarter before | Filed |
|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 6.07M | $157.5M | Added +102.0% | 2026-08-11 ↗ |
| Bullish | 4.52M | $117.4M | Held | 2026-08-19 ↗ |
| WELLS FARGO & COMPANY/MN | 2.56M | $66.6M | Added +23.4% | 2026-08-14 ↗ |
| EMORY UNIVERSITY | 1.35M | $35.1M | Held | 2026-08-10 ↗ |
| Paragon Advisors, LLC | 1.31M | $33.9M | Added +21.7% | 2026-07-29 ↗ |
| Tidal Investments LLC | 1.09M | $28.4M | Added +10.4% | 2026-08-13 ↗ |
| Sloy Dahl & Holst, LLC | 955K | $24.8M | Added +12.2% | 2026-08-13 ↗ |
| MORGAN STANLEY | 859K | $22.3M | Added +19.5% | 2026-08-13 ↗ |
| KALEIDOSCOPE CAPITAL LP | 638K | $16.5M | Added +4.2% | 2026-08-11 ↗ |
| SteelPeak Wealth, LLC | 586K | $15.2M | Reduced -2.3% | 2026-07-13 ↗ |
| Ovata Capital Management Ltd | 552K | $14.3M | Reduced -2.8% | 2026-07-30 ↗ |
| ParaFi Capital LP | 520K | $13.5M | Held | 2026-08-14 ↗ |
| Steward Partners Investment Advisory, LLC | 518K | $13.4M | Reduced -62.0% | 2026-08-13 ↗ |
| NewEdge Wealth, LLC | 381K | $9.9M | Reduced -0.6% | 2026-08-10 ↗ |
| LPL Financial LLC | 361K | $9.4M | Added +27.9% | 2026-08-07 ↗ |
| HighTower Advisors, LLC | 360K | $9.3M | Held | 2026-08-05 ↗ |
| Pasadena Private Wealth, LLC | 352K | $9.1M | Added +54.2% | 2026-08-11 ↗ |
| Apriem Advisors | 330K | $8.6M | Added +15.4% | 2026-08-14 ↗ |
| EagleClaw Capital Managment, LLC | 321K | $8.3M | Added +2.3% | 2026-08-10 ↗ |
| Verde Capital Management | 321K | $8.3M | Added ×37 | 2026-08-11 ↗ |
| MML INVESTORS SERVICES, LLC | 287K | $7.4M | Added +25.8% | 2026-08-07 ↗ |
| ENVESTNET ASSET MANAGEMENT INC | 273K | $7.1M | Added +34.3% | 2026-08-03 ↗ |
| MILLENNIUM MANAGEMENT LLC | 257K | $6.7M | Reduced -69.2% | 2026-08-14 ↗ |
| Mariner, LLC | 253K | $6.6M | Added +13.7% | 2026-08-13 ↗ |
| Heritage Family Offices, LLP | 205K | $5.3M | Added +59.1% | 2026-07-29 ↗ |
| Pacific Excel Wealth Advisors, Inc. | 205K | $5.3M | New | 2026-07-06 ↗ |
| Reliant Wealth Planning | 186K | $4.8M | Added +3.0% | 2026-08-07 ↗ |
| ASSETMARK, INC | 174K | $4.5M | Added +11.6% | 2026-07-30 ↗ |
| MATAURO, LLC | 171K | $4.4M | Added +3.6% | 2026-07-21 ↗ |
| VVR Holdings LLC | 169K | $4.4M | Added +24.3% | 2026-07-15 ↗ |
| Cresset Asset Management, LLC | 168K | $4.4M | Reduced -1.5% | 2026-08-14 ↗ |
| Exit Wealth Advisors, LLC. | 162K | $4.2M | Added +19.9% | 2026-08-11 ↗ |
| Kestra Advisory Services, LLC | 161K | $4.2M | Added +19.5% | 2026-07-28 ↗ |
| Moors & Cabot, Inc. | 161K | $4.2M | Reduced -4.6% | 2026-08-10 ↗ |
| Stonebrook Private Inc. | 154K | $4.0M | Added +3.0% | 2026-08-14 ↗ |
| JPMORGAN CHASE & CO | 146K | $3.9M | Added +65.1% | 2026-08-12 ↗ |
| ShoreHaven Wealth Partners, LLC | 146K | $3.8M | Added +64.8% | 2026-07-14 ↗ |
| Beaumont Financial Advisors, LLC | 145K | $3.8M | Reduced -1.3% | 2026-08-04 ↗ |
| Ascension Capital Advisors, Inc. | 145K | $3.8M | Added +5.5% | 2026-07-28 ↗ |
| Financial Security Advisor, Inc. | 143K | $3.7M | Added +9.9% | 2026-08-11 ↗ |
Largest that sold out: JANE STREET GROUP, LLC ($5.8M), MSRH, LLC ($3.1M), BECK CAPITAL MANAGEMENT, LLC ($2.3M), Ethos Financial Group, LLC ($2.1M), AlTi Global, Inc. ($1.8M), RFG Advisory, LLC ($1.3M), IMC-Chicago, LLC ($1.2M), VestGen Advisors, LLC ($730K).
Prospectus
424B3 filed 2025-09-12 against POS AM filed 2025-09-08: 5.4% of the text changed, 0 new paragraphs, 65 removed. Paragraphs about fees, staking, custody, the index and creations come first. new ↗ · old ↗
Removed
− Section 2.4(a) of the Trust Agreement (“Trust Agreement”) between CSC Delaware Trust Company, the Registrant’s Trustee (“Trustee”), and the Sponsor provides that the Trustee and any of the officers, directors, employees and agents of the Trustee (the “Indemnified Persons”) shall be indemnified by the Trust as primary obligor and held harmless against any loss, damage, liability, claim, action, suit, cost, expense, disbursement (including the reasonable fees and expenses of counsel), tax or penalty of any kind and nature whatsoever (collectively, “Expenses”), arising out of, imposed upon or asserted at any time against such Indemnified Person in connection with the performance of its obligations under the Trust Agreement, the creation, operation or termination of the Trust or the transactions contemplated therein; provided, however, that neither the Trust nor the Sponsor shall be required to indemnify any Indemnified Person for any Expenses which are a result of the willful misconduct, bad faith or gross negligence of the Indemnified Person. If the Trust shall have insufficient assets or improperly refuses to pay an Indemnified Person within 60 days of a request for payment owed under Section 2.4 of the Trust Agreement, the Sponsor shall, as secondary obligor, compensate or reimburse the Trustee or indemnify, defend and hold harmless an Indemnified Person as if it were the primary obligor under Section 2.4 of the Trust Agreement. Any amount payable to an Indemnified Person under Section 2.4 of the Trust Agreement may be payable in advance and shall be secured by a lien on the Trust property. The obligations of the Sponsor and the Trust to indemnify the Indemnified Persons under this Section 2.4 shall survive the termination of the Trust Agreement.
− 99.3†# Index License Agreement, dated February 1, 2022, between the Sponsor, and the Index Provider (incorporated by reference to Exhibit 10.3 to the Trust’s Registration Statement on Form S-1 (File No. 333-277837) filed by the Registrant on May 8, 2024).
− 99.4†# Amendment No. 1 to the Index License Agreement, dated June 20, 2023, between the Sponsor and Index Provider (incorporated by reference to Exhibit 10.4 to the Trust’s Registration Statement on Form S-1 (File No. 333-277837) filed by the Registrant on May 8, 2024).
− 99.5†# Amendment No. 6 to the Index License Agreement dated March 1, 2025, between the Sponsor and Index Provider (incorporated by reference to Exhibit 10.6 on Form 10-K filed by the Registrant on February 28, 2025).
− Incorporation or Organization) Stamford, Connecticut 06902 Identification Number)
− Approximate date of commencement of proposed sale to the public: From time to time after this Registration Statement becomes effective.
− If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐
− If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ☒
Supplements
Short filings that change the prospectus. Quoted from their first paragraphs.
The purpose of this Supplement is to disclose the effectiveness of a previously announced 1-for-5 reverse share split of the Trust’s shares, effective after market close on November 19, 2024. … On November 19, 2024, Grayscale Investments, LLC (the “Sponsor”) effected a previously-announced reverse share split of the Trust’s shares, at a ratio of 1-for-5 (the “Reverse Share Split”), effective as of 5:00 p.m. Eastern Time (the “Effective Time”). … At the Effective Time, every 5 (five) shares of the Trust’s existing shares automatically converted into 1 (one) share.
Termination Events Upon dissolution of the Trust and surrender of Shares by the shareholders, shareholders will receive a distribution in U.S. dollars or interests in any liquidating trust or other vehicle formed to hold Bitcoin, at the sole discretion of the Sponsor, after the Sponsor has sold the Trust’s Bitcoin, if applicable, and has paid or made provision for the Trust’s claims and obligations. See “Business—Description of the Trust Agreement—Termination of the Trust.” In exercising its discretion, the Sponsor expects to take into consideration a number of factors including, but not limited to, the intention that the Shares offer investors an opportunity to gain exposure to digital assets through an investment in securities, the operational challenges of transferring Bitcoin to the Trust’s shareholders via their brokers or brokerage platforms and the ability of those parties to rece…