Franklin Bitcoin ETF
EZBC
91 hedge funds and large institutions have $96.7M invested in Franklin Bitcoin ETF in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 16 reducing their positions, and 23 closing their positions.
119% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 16
67% more call options, than puts
Call options by funds: $455K | Put options by funds: $273K
18.82% more ownership
Funds ownership: 0% → 18.82% (+19%)
9% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 23
3% less funds holding
Funds holding: 94 → 91 (-3)
19% less capital invested
Capital invested by funds: $120M → $96.7M (-$23.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.35M |
| 2 |
CWA
Consilium Wealth Advisory
Richardson,
Texas
|
+$3.8M |
| 3 |
RRA
Round Rock Advisors
Wilton,
Connecticut
|
+$2.39M |
| 4 |
VW
Vance Wealth
Santa Clarita,
California
|
+$1.84M |
| 5 |
RW
Rede Wealth
Charlottesville,
Virginia
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$7.83M |
| 2 |
CCA
Childress Capital Advisors
Houston,
Texas
|
-$4.57M |
| 3 |
SAM
Stansberry Asset Management
Westlake,
Texas
|
-$4.51M |
| 4 |
RL
RPO LLC
Stamford,
Connecticut
|
-$2.34M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.63M |
EZBC Hedge Fund Activity: Q4 2025 in Review
91 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Franklin Bitcoin ETF (EZBC) for Q4 2025, worth a combined $96.7M — down 19% from $120M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of EZBC and 21 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 35 added.
The largest buyer was Susquehanna International Group, adding an estimated $9.35M. The largest seller was Virtu Financial, exiting entirely with an estimated $7.83M sold.
- 91 institutional investors held Franklin Bitcoin ETF (EZBC) as of Q4 2025, down from 94 in Q3 2025.
- Funds reported $96.7M of Franklin Bitcoin ETF stock for Q4 2025, down 19% quarter-over-quarter.
- 21 funds opened new Franklin Bitcoin ETF positions in Q4 2025 and 23 closed out, a net change of -2 holders.
- The largest Franklin Bitcoin ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $9.35M added.
- The largest Franklin Bitcoin ETF seller in Q4 2025 was Virtu Financial, an estimated $7.83M sold.
Based on aggregated 13F filings for Q4 2025.