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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
VIPI
451
Vista Investment Partners II
Indiana
$1.94M
GIA
452
Gladstone Institutional Advisory
Florida
$1.94M
IFG
453
Independent Financial Group
California
$1.94M
QOP
454
Quinn Opportunity Partners
Virginia
$1.94M
HWA
455
HCR Wealth Advisors
California
$1.93M
AS
456
Akuna Securities
Illinois
$1.93M
CB
457
Commerce Bank
Missouri
$1.93M
RA
458
RFG Advisory
Alabama
$1.93M
IPW
459
Impact Partnership Wealth
Georgia
$1.92M
AWP
460
Avid Wealth Partners
Texas
$1.92M
EQF
461
Evergreen Quality Fund
Cayman Islands
$1.9M
HI
462
Harper Investing
California
$1.9M
FPCP
463
Fort Point Capital Partners
California
$1.89M
SW
464
SteelPeak Wealth
California
$1.89M
SWP
465
Strategic Wealth Partners
Ohio
$1.89M
SMC
466
Smith, Moore & Co
Missouri
$1.88M
FF
467
Financial Futures
New Jersey
$1.86M
PI
468
Pachira Investments
California
$1.86M
NTIC
469
Napean Trading & Investment Company
Singapore
$1.86M
SL
470
Systelligence LLC
Minnesota
$1.85M
AWA
471
Arete Wealth Advisors
Illinois
$1.85M
BAM
472
Belpointe Asset Management
Nevada
$1.83M
GC
473
Guggenheim Capital
Illinois
$1.82M
ECA
474
Elevate Capital Advisors
Colorado
$1.82M
LSA
475
Lansing Street Advisors
Pennsylvania
$1.82M