Coinshares Bitcoin ETF
BRRR
16 hedge funds and large institutions have $224M invested in Coinshares Bitcoin ETF in 2025 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
23% more funds holding
Funds holding: 13 → 16 (+3)
13.51% more ownership
Funds ownership: 32.28% → 45.79% (+14%)
17% less capital invested
Capital invested by funds: $270M → $224M (-$46.7M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.85M |
| 2 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
+$1.14M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$1.11M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$516K |
| 5 |
FC
Farringdon Capital
London,
United Kingdom
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
-$17.2M |
| 2 |
Jane Street
New York
|
-$3.99M |
| 3 |
CI
CPR Investments
Rochester,
Michigan
|
-$1.29M |
| 4 |
DWS
Discipline Wealth Solutions
Greenville,
South Carolina
|
-$235K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$6.27K |
BRRR Hedge Fund Activity: Q1 2025 in Review
16 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Coinshares Bitcoin ETF (BRRR) for Q1 2025, worth a combined $224M — down 17% from $270M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BRRR positions and 2 closed out — a net gain of 3 holders — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $2.85M. The largest seller was Elequin Capital, cutting an estimated $17.2M.
- 16 institutional investors held Coinshares Bitcoin ETF (BRRR) as of Q1 2025, up from 13 in Q4 2024.
- Funds reported $224M of Coinshares Bitcoin ETF stock for Q1 2025, down 17% quarter-over-quarter.
- 5 funds opened new Coinshares Bitcoin ETF positions in Q1 2025 and 2 closed out, a net change of +3 holders.
- The largest Coinshares Bitcoin ETF buyer in Q1 2025 was Susquehanna International Group, an estimated $2.85M added.
- The largest Coinshares Bitcoin ETF seller in Q1 2025 was Elequin Capital, an estimated $17.2M sold.
Based on aggregated 13F filings for Q1 2025.