Coinshares Bitcoin ETF
BRRR
21 hedge funds and large institutions have $582M invested in Coinshares Bitcoin ETF in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 1 closing their positions.
2,058% more capital invested
Capital invested by funds: $27M → $582M (+$555M)
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
81.87% more ownership
Funds ownership: 4.22% → 86.08% (+82%)
50% more funds holding
Funds holding: 14 → 21 (+7)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Marex Group
London,
|
+$548M |
| 2 |
EC
Elequin Capital
New York
|
+$15.7M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$1.91M |
| 4 |
KWM
Keebeck Wealth Management
Chicago,
Illinois
|
+$1.1M |
| 5 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
+$673K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$7.33M |
| 2 |
VF
Virtu Financial
New York
|
-$3.93M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.79M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$415K |
| 5 |
CI
CPR Investments
Rochester,
Michigan
|
-$172K |
BRRR Hedge Fund Activity: Q3 2025 in Review
21 of the 7,642 institutional investors tracked by Wall St. Rank reported a position in Coinshares Bitcoin ETF (BRRR) for Q3 2025, worth a combined $582M — up 2,058% from $27M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BRRR positions and 1 closed out — a net gain of 7 holders — while 4 added to existing stakes and 6 trimmed.
The largest buyer was Marex Group, opening a new position worth an estimated $548M. The largest seller was Jane Street, cutting an estimated $7.33M.
- 21 institutional investors held Coinshares Bitcoin ETF (BRRR) as of Q3 2025, up from 14 in Q2 2025.
- Funds reported $582M of Coinshares Bitcoin ETF stock for Q3 2025, up 2,058% quarter-over-quarter.
- 8 funds opened new Coinshares Bitcoin ETF positions in Q3 2025 and 1 closed out, a net change of +7 holders.
- The largest Coinshares Bitcoin ETF buyer in Q3 2025 was Marex Group, an estimated $548M added.
- The largest Coinshares Bitcoin ETF seller in Q3 2025 was Jane Street, an estimated $7.33M sold.
Based on aggregated 13F filings for Q3 2025.