CoinShares Bitcoin and Ether ETF
11 hedge funds and large institutions have $10.1M invested in CoinShares Bitcoin and Ether ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 6 reducing their positions, and 3 closing their positions.
70% more capital invested
Capital invested by funds: $5.92M → $10.1M (+$4.17M)
1.31% more ownership
Funds ownership: 3.64% → 4.94% (+1.3%)
8% less funds holding
Funds holding: 12 → 11 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
100% less call options, than puts
Call options by funds: $19K | Put options by funds: $24.3M
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Torno Capital
Cohasset,
Massachusetts
|
+$3.37M |
| 2 |
CJ
Caitlin John
Brighton,
Michigan
|
+$7.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$311K |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$249K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$183K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$147K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$44K |
BTF Hedge Fund Activity: Q3 2025 in Review
11 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in CoinShares Bitcoin and Ether ETF (BTF) for Q3 2025, worth a combined $10.1M — up 70% from $5.92M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BTF and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 0 added.
The largest buyer was Torno Capital, opening a new position worth an estimated $3.37M. The largest seller was Citadel Advisors, exiting entirely with an estimated $311K sold.
- 11 institutional investors held CoinShares Bitcoin and Ether ETF (BTF) as of Q3 2025, down from 12 in Q2 2025.
- Funds reported $10.1M of CoinShares Bitcoin and Ether ETF stock for Q3 2025, up 70% quarter-over-quarter.
- 2 funds opened new CoinShares Bitcoin and Ether ETF positions in Q3 2025 and 3 closed out, a net change of -1 holder.
- The largest CoinShares Bitcoin and Ether ETF buyer in Q3 2025 was Torno Capital, an estimated $3.37M added.
- The largest CoinShares Bitcoin and Ether ETF seller in Q3 2025 was Citadel Advisors, an estimated $311K sold.
Based on aggregated 13F filings for Q3 2025.