2x Bitcoin ETF
BITX
51 hedge funds and large institutions have $102M invested in 2x Bitcoin ETF in 2025 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 12 closing their positions.
110% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 10
48% more capital invested
Capital invested by funds: $68.7M → $102M (+$32.9M)
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
27% more call options, than puts
Call options by funds: $339M | Put options by funds: $267M
11% more funds holding
Funds holding: 46 → 51 (+5)
0.03% more ownership
Funds ownership: 3.57% → 3.61% (+0.03%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$19.4M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$3.18M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
+$2.32M |
| 4 |
KWA
Kingswood Wealth Advisors
San Diego,
California
|
+$2.01M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$14.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$11.4M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
-$5.26M |
| 4 |
Belvedere Trading
Chicago,
Illinois
|
-$2.07M |
| 5 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
-$781K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
51
Hollencrest Capital Management
Newport Beach,
California
| $270 | – | – | – |
|
|
52
Belvedere Trading
Chicago,
Illinois
| – | -$2.07M | -43,002 | Closed |
|
|
DCM
53
Dimension Capital Management
Coral Gables,
Florida
| – | -$781K | -22,000 | Closed |
|
|
KLCM
54
KG&L Capital Management
Saint Francisville,
Louisiana
| – | -$567K | -15,991 | Closed |
|
55
LPL Financial
San Diego,
California
| – | -$382K | -10,775 | Closed |
|
|
TFS
56
Thoroughbred Financial Services
Brentwood,
Tennessee
| – | -$357K | -10,072 | Closed |
|
|
SRL
57
Scientech Research LLC
Jersey City,
New Jersey
| – | -$354K | -9,967 | Closed |
|
|
PI
58
PFG Investments
Woodbury,
New York
| – | -$285K | -8,029 | Closed |
|
|
SG
59
StoneX Group
New York
| – | -$210K | -5,930 | Closed |
|
|
MOS
60
MGO One Seven
Beachwood,
Ohio
| – | -$80.1K | -2,258 | Closed |
|
|
DI
61
DAGCO Inc
Westlake,
Ohio
| – | -$11.5K | -325 | Closed |
|
62
JP Morgan Chase
New York
| – | -$532 | -15 | Closed |
|
|
HCP
63
Hexagon Capital Partners
Rogers,
Arkansas
| – | -$71 | -2 | Closed |
|
BITX Hedge Fund Activity: Q2 2025 in Review
51 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in 2x Bitcoin ETF (BITX) for Q2 2025, worth a combined $102M — up 48% from $68.7M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BITX positions and 12 closed out — a net gain of 5 holders — while 21 added to existing stakes and 10 trimmed.
The largest buyer was Jane Street, adding an estimated $19.4M. The largest seller was Susquehanna International Group, cutting an estimated $14.1M.
- 51 institutional investors held 2x Bitcoin ETF (BITX) as of Q2 2025, up from 46 in Q1 2025.
- Funds reported $102M of 2x Bitcoin ETF stock for Q2 2025, up 48% quarter-over-quarter.
- 17 funds opened new 2x Bitcoin ETF positions in Q2 2025 and 12 closed out, a net change of +5 holders.
- The largest 2x Bitcoin ETF buyer in Q2 2025 was Jane Street, an estimated $19.4M added.
- The largest 2x Bitcoin ETF seller in Q2 2025 was Susquehanna International Group, an estimated $14.1M sold.
Based on aggregated 13F filings for Q2 2025.