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Invesco Galaxy Bitcoin ETF
BTCO

57 hedge funds and large institutions have $185M invested in Invesco Galaxy Bitcoin ETF in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

12% more funds holding

Funds holding: 51 → 57 (+6)

1% more capital invested

Capital invested by funds: $183M → $185M (+$1.79M)

20.93% less ownership

Funds ownership: 42.04% → 21.11% (-21%)

Holders
57
Holders Change
+6
Holders Change %
+11.76%
% of All Funds
0.75%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
16
Increased
16
Reduced
12
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$21M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$5.68M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$3.54M
4
Renaissance Technologies
Renaissance Technologies
New York
+$2.74M
5
RL
RPO LLC
Connecticut
+$2M

Top Sellers

Rank Fund Capital Flow
1
CAM
Cresset Asset Management
Illinois
-$47.1M
2
IMC Chicago
IMC Chicago
Illinois
-$34.1M
3
VF
Virtu Financial
New York
-$941K
4
Citadel Advisors
Citadel Advisors
Florida
-$479K
5
AWA
Arete Wealth Advisors
Illinois
-$439K
Name Holding Trade Value Shares
Change 		Change in
Stake
WIM
51
Westside Investment Management
California
$3.23K – – –
UBS Group
52
UBS Group
Switzerland
$2.47K – – –
TRCT
53
Tower Research Capital (TRC)
New York
$753 +$689 +7 New
VWA
54
Valued Wealth Advisors
Utah
$646 +$590 +6 New
Morgan Stanley
55
Morgan Stanley
New York
$108 – – –
Bank of America
56
Bank of America
North Carolina
$108 +$98 +1 New
IA
57
IFP Advisors
Florida
$108 +$98 +1 New
IMC Chicago
58
IMC Chicago
Illinois
– -$34.1M -414,952 Closed
Citadel Advisors
59
Citadel Advisors
Florida
– -$479K -5,829 Closed
OMC
60
Old Mission Capital
Illinois
– -$430K -5,232 Closed
FTUS
61
Flow Traders U.S.
New York
– -$398K -4,836 Closed
KAS
62
Kestra Advisory Services
Texas
– -$158K -1,924 Closed
FMP
63
Financial Management Professionals
Texas
– -$109K -1,322 Closed
SW
64
SVB Wealth
Massachusetts
– -$58.4K -710 Closed
SIM
65
Synergy Investment Management
Florida
– -$24.8K -302 Closed
QCG
66
Quadrant Capital Group
Ohio
– -$7.73K -94 Closed
CWM
67
Compass Wealth Management
Connecticut
– -$4.11K -50 Closed
1 2
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BTCO Hedge Fund Activity: Q2 2025 in Review

57 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Invesco Galaxy Bitcoin ETF (BTCO) for Q2 2025, worth a combined $185M — up 0.97% from $183M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BTCO positions and 10 closed out — a net gain of 6 holders — while 16 added to existing stakes and 12 trimmed.

The largest buyer was Wells Fargo, adding an estimated $21M. The largest seller was Cresset Asset Management, cutting an estimated $47.1M.

  • 57 institutional investors held Invesco Galaxy Bitcoin ETF (BTCO) as of Q2 2025, up from 51 in Q1 2025.
  • Funds reported $185M of Invesco Galaxy Bitcoin ETF stock for Q2 2025, up 0.97% quarter-over-quarter.
  • 16 funds opened new Invesco Galaxy Bitcoin ETF positions in Q2 2025 and 10 closed out, a net change of +6 holders.
  • The largest Invesco Galaxy Bitcoin ETF buyer in Q2 2025 was Wells Fargo, an estimated $21M added.
  • The largest Invesco Galaxy Bitcoin ETF seller in Q2 2025 was Cresset Asset Management, an estimated $47.1M sold.

Based on aggregated 13F filings for Q2 2025.