Grayscale Bitcoin Covered Call ETF
BTCC
14 hedge funds and large institutions have $8.7M invested in Grayscale Bitcoin Covered Call ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
17% more funds holding
Funds holding: 12 → 14 (+2)
0.8% less ownership
Funds ownership: 36.62% → 35.81% (-0.8%)
35% less capital invested
Capital invested by funds: $13.4M → $8.7M (-$4.7M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.13M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$534K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$402K |
| 4 |
Jane Street
New York
|
+$164K |
| 5 |
LSA
L & S Advisors
Los Angeles,
California
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MS
Madden Securities
Dallas,
Texas
|
-$2.54M |
| 2 |
PPW
Pasadena Private Wealth
Pasadena,
California
|
-$363K |
| 3 |
HF
HRT Financial
New York
|
-$207K |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$66.3K |
| 5 |
SWP
Strategic Wealth Partners
Independence,
Ohio
|
-$42.3K |
BTCC Hedge Fund Activity: Q4 2025 in Review
14 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Grayscale Bitcoin Covered Call ETF (BTCC) for Q4 2025, worth a combined $8.7M — down 35% from $13.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BTCC positions and 3 closed out — a net gain of 2 holders — while 5 added to existing stakes and 3 trimmed.
The largest buyer was Old Mission Capital, adding an estimated $1.13M. The largest seller was Madden Securities, cutting an estimated $2.54M.
- 14 institutional investors held Grayscale Bitcoin Covered Call ETF (BTCC) as of Q4 2025, up from 12 in Q3 2025.
- Funds reported $8.7M of Grayscale Bitcoin Covered Call ETF stock for Q4 2025, down 35% quarter-over-quarter.
- 5 funds opened new Grayscale Bitcoin Covered Call ETF positions in Q4 2025 and 3 closed out, a net change of +2 holders.
- The largest Grayscale Bitcoin Covered Call ETF buyer in Q4 2025 was Old Mission Capital, an estimated $1.13M added.
- The largest Grayscale Bitcoin Covered Call ETF seller in Q4 2025 was Madden Securities, an estimated $2.54M sold.
Based on aggregated 13F filings for Q4 2025.