2x Bitcoin ETF
BITX
45 hedge funds and large institutions have $109M invested in 2x Bitcoin ETF in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 18 closing their positions.
8% more capital invested
Capital invested by funds: $102M → $109M (+$7.76M)
1.05% more ownership
Funds ownership: 3.61% → 4.66% (+1.1%)
3% less call options, than puts
Call options by funds: $355M | Put options by funds: $367M
12% less funds holding
Funds holding: 51 → 45 (-6)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$40.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.55M |
| 3 |
XSC
X-Square Capital
Guaynabo,
Puerto Rico
|
+$1.46M |
| 4 |
KLCM
KG&L Capital Management
Saint Francisville,
Louisiana
|
+$1.21M |
| 5 |
VFM
Vision Financial Markets
Stamford,
Connecticut
|
+$661K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
-$9.44M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.26M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$5.23M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$4.23M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
-$4.17M |
BITX Hedge Fund Activity: Q3 2025 in Review
45 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in 2x Bitcoin ETF (BITX) for Q3 2025, worth a combined $109M — up 7.6% from $102M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BITX and 13 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 13 added.
The largest buyer was Jane Street, adding an estimated $40.4M. The largest seller was DRW Securities, cutting an estimated $9.44M.
- 45 institutional investors held 2x Bitcoin ETF (BITX) as of Q3 2025, down from 51 in Q2 2025.
- Funds reported $109M of 2x Bitcoin ETF stock for Q3 2025, up 7.6% quarter-over-quarter.
- 13 funds opened new 2x Bitcoin ETF positions in Q3 2025 and 18 closed out, a net change of -5 holders.
- The largest 2x Bitcoin ETF buyer in Q3 2025 was Jane Street, an estimated $40.4M added.
- The largest 2x Bitcoin ETF seller in Q3 2025 was DRW Securities, an estimated $9.44M sold.
Based on aggregated 13F filings for Q3 2025.