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iShares Bitcoin Trust

1,650 hedge funds and large institutions have $18.8B invested in iShares Bitcoin Trust in 2025 Q4 according to their latest regulatory filings, with 297 funds opening new positions, 789 increasing their positions, 395 reducing their positions, and 238 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more call options, than puts

Call options by funds: $ | Put options by funds: $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding

Funds holding:

2.92% less ownership

Funds ownership: 30.76%27.84% (-2.9%)

20% less funds holding in top 10

Funds holding in top 10: 130104 (-26)

30% less capital invested

Capital invested by funds: $26.9B → $18.8B (-$8.03B)

Holders
1,650
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
104
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$10.6B
Puts
$8.24B
Net Calls
Net Calls Change

Top Buyers

1 +$785M
2 +$404M
3 +$226M
4
Citadel Advisors
Citadel Advisors
Florida
+$156M
5
BlackRock
BlackRock
New York
+$135M
Name Holding Trade Value Shares
Change
Change in
Stake
FWMM
301
Foundation Wealth Management (Missouri)
Missouri
$3.76M
BOC
302
Bull Oak Capital
California
$3.74M
PAS
303
Park Avenue Securities
New York
$3.74M
SCM
304
Step Capital Management
$3.72M
WIA
305
World Investment Advisors
California
$3.7M
KWM
306
Keebeck Wealth Management
Illinois
$3.68M
MFG
307
Merit Financial Group
Georgia
$3.67M
CFM
308
Catalyst Funds Management
Australia
$3.67M
ST
309
Sageworth Trust
Pennsylvania
$3.64M
HNW
310
High Note Wealth
Minnesota
$3.63M
FCH
311
Freestone Capital Holdings
Washington
$3.61M
TIM
312
Total Investment Management
Arizona
$3.59M
CI
313
Cavalier Investments
Georgia
$3.58M
QFW
314
QTR Family Wealth
Florida
$3.58M
ACA
315
Aptus Capital Advisors
Alabama
$3.57M
WC
316
Waterloo Capital
Texas
$3.57M
SAM
317
Secure Asset Management
Michigan
$3.56M
HCM
318
Howard Capital Management
Georgia
$3.54M
PPC
319
Pennington Partners & Co
Maryland
$3.53M
WA
320
Waverly Advisors
Alabama
$3.5M
BSCCG
321
Blue Sky Capital Consultants Group
California
$3.5M
SW
322
Simplicity Wealth
New Jersey
$3.44M
CWA
323
Capital Wealth Alliance
Arizona
$3.44M
SFA
324
Sequoia Financial Advisors
Ohio
$3.44M
CA
325
Corecam AG
$3.4M