We are live on ! Find out more
IBIT icon

iShares Bitcoin Trust
IBIT

1,433 hedge funds and large institutions have $22.6B invested in iShares Bitcoin Trust in 2025 Q2 according to their latest regulatory filings, with 336 funds opening new positions, 679 increasing their positions, 231 reducing their positions, and 74 closing their positions.

New
Increased
Maintained
Reduced
Closed

354% more first-time investments, than exits

New positions opened: 336 | Existing positions closed: 74

194% more repeat investments, than reductions

Existing positions increased: 679 | Existing positions reduced: 231

77% more capital invested

Capital invested by funds: $12.8B → $22.6B (+$9.81B)

53% more funds holding in top 10

Funds holding in top 10: 79 → 121 (+42)

21% more funds holding

Funds holding: 1,180 → 1,433 (+253)

21% more call options, than puts

Call options by funds: $6.84B | Put options by funds: $5.66B

3.62% more ownership

Funds ownership: 26.97% → 30.59% (+3.6%)

Holders
1,433
Holders Change
+253
Holders Change %
+21.44%
% of All Funds
18.87%
Holding in Top 10
121
Holding in Top 10 Change
+42
Holding in Top 10 Change %
+53.16%
% of All Funds
1.59%
New
336
Increased
679
Reduced
231
Closed
74
Calls
$6.84B
Puts
$5.66B
Net Calls
+$1.18B
Net Calls Change
-$83.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$978M
2
BHCM
Brevan Howard Capital Management
Jersey
+$893M
3
WAM
Weiss Asset Management
Massachusetts
+$286M
4
IMC Chicago
IMC Chicago
Illinois
+$232M
5
Millennium Management
Millennium Management
New York
+$216M

Top Sellers

Rank Fund Capital Flow
1
MG
Marex Group
-$359M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$169M
3
CL
CRCM LP
California
-$86.7M
4
Citadel Advisors
Citadel Advisors
Florida
-$83.4M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$71.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
376
Integrity Alliance
Iowa
$2.5M +$263K +4,696 +13%
AWE
377
Avidian Wealth Enterprises
Texas
$2.48M +$250K +4,457 +12%
IAM
378
Ion Asset Management
Israel
$2.45M – – –
IAN
379
Integrated Advisors Network
Texas
$2.43M +$54.3K +969 +2%
Empower Advisory Group
380
Empower Advisory Group
Colorado
$2.43M -$439K -7,833 -16%
FWM
381
Finer Wealth Management
Massachusetts
$2.43M +$1.28M +22,872 +136%
PA
382
Parallel Advisors
California
$2.41M +$206K +3,680 +10%
PCA
383
Prosperity Capital Advisors
Ohio
$2.39M +$513K +9,160 +31%
PWM
384
Perigon Wealth Management
California
$2.38M +$294K +5,252 +16%
MFG
385
Merit Financial Group
Georgia
$2.37M +$679K +12,114 +46%
KPWS
386
Kestra Private Wealth Services
Texas
$2.36M +$83.4K +1,488 +4%
NL
387
NKCFO LLC
Illinois
$2.33M +$1.01M +18,000 +90%
STA
388
Summit Trail Advisors
New York
$2.31M +$1.63M +29,086 +339%
EFG
389
Elios Financial Group
Ohio
$2.3M +$2.11M +37,608 New
UFM
390
Ursa Fund Management
California
$2.3M +$118K +2,100 +6%
NTIC
391
Napean Trading & Investment Company
Singapore
$2.29M – – –
MHWM
392
Montz Harcus Wealth Management
Louisiana
$2.29M – – –
IP
393
Investment Partners
Ohio
$2.29M +$993K +17,728 +90%
SIAP
394
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$2.28M +$98.1K +1,750 +5%
FNT
395
First National Trust
Pennsylvania
$2.23M +$855K +15,252 +72%
AR
396
Apeiron RIA
Texas
$2.22M +$106K +1,895 +6%
MIH
397
Meitav Investment House
Israel
$2.2M +$805K +14,370 +66%
SWM
398
Sagace Wealth Management
Florida
$2.2M +$2.01M +35,931 New
HNW
399
High Note Wealth
Minnesota
$2.2M +$1.98M +35,316 +6,006%
MPCG
400
Matrix Private Capital Group
New York
$2.19M +$432K +7,706 +27%
14 15
16
17 18

IBIT Hedge Fund Activity: Q2 2025 in Review

1,433 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares Bitcoin Trust (IBIT) for Q2 2025, worth a combined $22.6B — up 77% from $12.8B a quarter earlier.

Buyers outnumbered sellers: 336 funds opened new IBIT positions and 74 closed out — a net gain of 262 holders — while 679 added to existing stakes and 231 trimmed.

The largest buyer was Jane Street, adding an estimated $978M. The largest seller was Marex Group, cutting an estimated $359M.

  • 1,433 institutional investors held iShares Bitcoin Trust (IBIT) as of Q2 2025, up from 1,180 in Q1 2025.
  • Funds reported $22.6B of iShares Bitcoin Trust stock for Q2 2025, up 77% quarter-over-quarter.
  • 336 funds opened new iShares Bitcoin Trust positions in Q2 2025 and 74 closed out, a net change of +262 holders.
  • The largest iShares Bitcoin Trust buyer in Q2 2025 was Jane Street, an estimated $978M added.
  • The largest iShares Bitcoin Trust seller in Q2 2025 was Marex Group, an estimated $359M sold.

Based on aggregated 13F filings for Q2 2025.