2x Bitcoin ETF
BITX
59 hedge funds and large institutions have $63.4M invested in 2x Bitcoin ETF in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 15 closing their positions.
107% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 15
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
31% more funds holding
Funds holding: 45 → 59 (+14)
4% more call options, than puts
Call options by funds: $135M | Put options by funds: $130M
0.29% less ownership
Funds ownership: 4.66% → 4.37% (-0.29%)
42% less capital invested
Capital invested by funds: $109M → $63.4M (-$46M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
+$27M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$12.4M |
| 3 |
Renaissance Technologies
New York
|
+$8.17M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
+$4.45M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$50.9M |
| 2 |
FSA
Financial Sense Advisors
San Diego,
California
|
-$1.64M |
| 3 |
VFM
Vision Financial Markets
Stamford,
Connecticut
|
-$1.23M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$1.22M |
| 5 |
SCA
Sassicaia Capital Advisers
Jericho,
New York
|
-$826K |
BITX Hedge Fund Activity: Q4 2025 in Review
59 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in 2x Bitcoin ETF (BITX) for Q4 2025, worth a combined $63.4M — down 42% from $109M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new BITX positions and 15 closed out — a net gain of 16 holders — while 15 added to existing stakes and 9 trimmed.
The largest buyer was DRW Securities, adding an estimated $27M. The largest seller was Jane Street, cutting an estimated $50.9M.
- 59 institutional investors held 2x Bitcoin ETF (BITX) as of Q4 2025, up from 45 in Q3 2025.
- Funds reported $63.4M of 2x Bitcoin ETF stock for Q4 2025, down 42% quarter-over-quarter.
- 31 funds opened new 2x Bitcoin ETF positions in Q4 2025 and 15 closed out, a net change of +16 holders.
- The largest 2x Bitcoin ETF buyer in Q4 2025 was DRW Securities, an estimated $27M added.
- The largest 2x Bitcoin ETF seller in Q4 2025 was Jane Street, an estimated $50.9M sold.
Based on aggregated 13F filings for Q4 2025.