Coinshares Bitcoin ETF
BRRR
14 hedge funds and large institutions have $27M invested in Coinshares Bitcoin ETF in 2025 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 5 closing their positions.
2,168.23% more ownership
Funds ownership: 45.79% → 2,214.03% (+2,168%)
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
13% less funds holding
Funds holding: 16 → 14 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
88% less capital invested
Capital invested by funds: $224M → $27M (-$197M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.67M |
| 2 |
VF
Virtu Financial
New York
|
+$4.24M |
| 3 |
EC
Elequin Capital
New York
|
+$2.07M |
| 4 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
+$805K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$305K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Marex Group
London,
|
-$210M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$1.61M |
| 3 |
CI
CPR Investments
Rochester,
Michigan
|
-$1.31M |
| 4 |
FC
Farringdon Capital
London,
United Kingdom
|
-$328K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$221K |
BRRR Hedge Fund Activity: Q2 2025 in Review
14 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Coinshares Bitcoin ETF (BRRR) for Q2 2025, worth a combined $27M — down 88% from $224M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BRRR and 3 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 5 added.
The largest buyer was Jane Street, adding an estimated $4.67M. The largest seller was Marex Group, exiting entirely with an estimated $210M sold.
- 14 institutional investors held Coinshares Bitcoin ETF (BRRR) as of Q2 2025, down from 16 in Q1 2025.
- Funds reported $27M of Coinshares Bitcoin ETF stock for Q2 2025, down 88% quarter-over-quarter.
- 3 funds opened new Coinshares Bitcoin ETF positions in Q2 2025 and 5 closed out, a net change of -2 holders.
- The largest Coinshares Bitcoin ETF buyer in Q2 2025 was Jane Street, an estimated $4.67M added.
- The largest Coinshares Bitcoin ETF seller in Q2 2025 was Marex Group, an estimated $210M sold.
Based on aggregated 13F filings for Q2 2025.