Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF
BTFX
BTFX was delisted on the 15th of December, 2025.
2 hedge funds and large institutions have $1.44M invested in Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF in 2025 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 2 closing their positions.
46% more capital invested
Capital invested by funds: $987K → $1.44M (+$452K)
3.69% more ownership
Funds ownership: 5.84% → 9.53% (+3.7%)
41% less call options, than puts
Call options by funds: $1.47M | Put options by funds: $2.48M
50% less funds holding
Funds holding: 4 → 2 (-2)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$408K |
| 2 |
Jane Street
New York
|
-$321K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.44M | +$1.21M | +20,372 | +419% |
|
|
CVM
2
Cheviot Value Management
Beverly Hills,
California
| $1.38K | – | – | – |
|
|
FTUS
3
Flow Traders U.S.
New York
| – | -$408K | -7,729 | Closed |
|
|
4
Jane Street
New York
| – | -$321K | -6,077 | Closed |
|
BTFX Hedge Fund Activity: Q3 2025 in Review
2 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF (BTFX) for Q3 2025, worth a combined $1.44M — up 46% from $987K a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of BTFX and 0 opened new positions — a net loss of 2 holders — while 0 trimmed existing stakes and 1 added.
The largest buyer was Susquehanna International Group, adding an estimated $1.21M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $408K sold.
- 2 institutional investors held Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF (BTFX) as of Q3 2025, down from 4 in Q2 2025.
- Funds reported $1.44M of Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF stock for Q3 2025, up 46% quarter-over-quarter.
- 0 funds opened new Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF positions in Q3 2025 and 2 closed out, a net change of -2 holders.
- The largest Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF buyer in Q3 2025 was Susquehanna International Group, an estimated $1.21M added.
- The largest Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF seller in Q3 2025 was Flow Traders U.S., an estimated $408K sold.
Based on aggregated 13F filings for Q3 2025.