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iShares Bitcoin Trust
IBIT

676 hedge funds and large institutions have $5.8B invested in iShares Bitcoin Trust in 2024 Q3 according to their latest regulatory filings, with 144 funds opening new positions, 310 increasing their positions, 104 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more repeat investments, than reductions

Existing positions increased: 310 | Existing positions reduced: 104

132% more first-time investments, than exits

New positions opened: 144 | Existing positions closed: 62

37% more capital invested

Capital invested by funds: $4.24B → $5.8B (+$1.56B)

21% more funds holding in top 10

Funds holding in top 10: 42 → 51 (+9)

13% more funds holding

Funds holding: 598 → 676 (+78)

1.87% more ownership

Funds ownership: 23.18% → 25.06% (+1.9%)

Holders
676
Holders Change
+78
Holders Change %
+13.04%
% of All Funds
9.71%
Holding in Top 10
51
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+21.43%
% of All Funds
0.73%
New
144
Increased
310
Reduced
104
Closed
62
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$438M
2
IMC Chicago
IMC Chicago
Illinois
+$311M
3
Goldman Sachs
Goldman Sachs
New York
+$201M
4
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$124M
5
AC
Aristeia Capital
Connecticut
+$99.7M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$224M
2
AT
Avenir Tech
Hong Kong
-$163M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$57M
4
M
Murchinson
Ontario, Canada
-$56.1M
5
BFM
Boothbay Fund Management
New York
-$54.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSC
26
Logan Stone Capital
Illinois
$35.6M +$2.58M +74,219 +8%
DCM
27
Discovery Capital Management
Connecticut
$30.8M +$29.6M +853,517 New
HKAM
28
Horizon Kinetics Asset Management
New York
$29.1M +$2.98M +85,763 +12%
IAMH
29
IvyRock Asset Management (HK)
Hong Kong
$25.9M +$125K +3,600 +0.5%
BFM
30
Boothbay Fund Management
New York
$25.7M -$54.1M -1,557,343 -69%
Parallax Volatility Advisers
31
Parallax Volatility Advisers
California
$23.8M +$12.8M +370,000 +128%
CSD
32
Clear Street Derivatives
New York
$23.7M +$22.8M +655,572 New
FSA
33
Financial Sense Advisors
California
$23.4M +$4.13M +119,005 +22%
LP
34
LMR Partners
United Kingdom
$22.8M +$17M +490,000 +350%
YRHAM
35
Yong Rong (HK) Asset Management
Hong Kong
$22.6M -$3.85M -110,960 -15%
AT
36
Avenir Tech
Hong Kong
$22.2M -$163M -4,704,675 -88%
MM
37
Monolith Management
Hong Kong
$21.8M – – –
OCM
38
Ovata Capital Management
Hong Kong
$21.7M +$11.5M +331,200 +123%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$20.6M +$1.52M +43,657 +8%
CCM
40
CloudAlpha Capital Management
Hong Kong
$19.1M +$18.4M +530,000 New
PL
41
Parkwood LLC
Ohio
$19M – – –
CF
42
Cantor Fitzgerald
New York
$18.4M -$997K -28,718 -5%
OPW
43
Oxler Private Wealth
New York
$17.1M +$259K +7,465 +2%
PA
44
Paragon Advisors
Texas
$16.6M +$5.63M +162,178 +55%
MP
45
Mangrove Partners
Connecticut
$15.7M – – –
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$15.6M +$4.15M +119,531 +38%
Wealthfront Advisers
47
Wealthfront Advisers
California
$15.2M +$6.24M +179,710 +74%
AA
48
Axiom Advisory
California
$13.9M +$11.7M +336,953 +536%
G
49
GenTrust
Florida
$13.1M – – –
SI
50
Symmetry Investments
Jersey
$12.4M +$11.9M +342,135 New
1
2
3 4 5

IBIT Hedge Fund Activity: Q3 2024 in Review

676 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in iShares Bitcoin Trust (IBIT) for Q3 2024, worth a combined $5.8B — up 37% from $4.24B a quarter earlier.

Buyers outnumbered sellers: 144 funds opened new IBIT positions and 62 closed out — a net gain of 82 holders — while 310 added to existing stakes and 104 trimmed.

The largest buyer was Millennium Management, adding an estimated $438M. The largest seller was Jane Street, cutting an estimated $224M.

  • 676 institutional investors held iShares Bitcoin Trust (IBIT) as of Q3 2024, up from 598 in Q2 2024.
  • Funds reported $5.8B of iShares Bitcoin Trust stock for Q3 2024, up 37% quarter-over-quarter.
  • 144 funds opened new iShares Bitcoin Trust positions in Q3 2024 and 62 closed out, a net change of +82 holders.
  • The largest iShares Bitcoin Trust buyer in Q3 2024 was Millennium Management, an estimated $438M added.
  • The largest iShares Bitcoin Trust seller in Q3 2024 was Jane Street, an estimated $224M sold.

Based on aggregated 13F filings for Q3 2024.