Coinbase
COIN
1,256 hedge funds and large institutions have $48.1B invested in Coinbase in 2025 Q2 according to their latest regulatory filings, with 377 funds opening new positions, 451 increasing their positions, 297 reducing their positions, and 105 closing their positions.
259% more first-time investments, than exits
New positions opened: 377 | Existing positions closed: 105
141% more capital invested
Capital invested by funds: $19.9B → $48.1B (+$28.1B)
74% more funds holding in top 10
Funds holding in top 10: 31 → 54 (+23)
52% more repeat investments, than reductions
Existing positions increased: 451 | Existing positions reduced: 297
26% more funds holding
Funds holding: 997 → 1,256 (+259)
9.89% more ownership
Funds ownership: 55.05% → 64.94% (+9.9%)
7% more call options, than puts
Call options by funds: $17.9B | Put options by funds: $16.8B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.15B |
| 2 |
State Street
Boston,
Massachusetts
|
+$996M |
| 3 |
BlackRock
New York
|
+$634M |
| 4 |
CS
Clear Street
New York
|
+$538M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$425M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSD
Clear Street Derivatives
New York
|
-$396M |
| 2 |
Amundi
Paris,
France
|
-$284M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$274M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$247M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$237M |
COIN Hedge Fund Activity: Q2 2025 in Review
1,256 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Coinbase (COIN) for Q2 2025, worth a combined $48.1B — up 141% from $19.9B a quarter earlier.
Buyers outnumbered sellers: 377 funds opened new COIN positions and 105 closed out — a net gain of 272 holders — while 451 added to existing stakes and 297 trimmed.
The largest buyer was Vanguard Group, adding an estimated $1.15B. The largest seller was Clear Street Derivatives, exiting entirely with an estimated $396M sold.
- 1,256 institutional investors held Coinbase (COIN) as of Q2 2025, up from 997 in Q1 2025.
- Funds reported $48.1B of Coinbase stock for Q2 2025, up 141% quarter-over-quarter.
- 377 funds opened new Coinbase positions in Q2 2025 and 105 closed out, a net change of +272 holders.
- The largest Coinbase buyer in Q2 2025 was Vanguard Group, an estimated $1.15B added.
- The largest Coinbase seller in Q2 2025 was Clear Street Derivatives, an estimated $396M sold.
Based on aggregated 13F filings for Q2 2025.