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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
RSF
476
Rik Saylor Financial
Ohio
$1.82M
OFG
477
Oxford Financial Group
Indiana
$1.81M
SIAP
478
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$1.81M
AIP
479
ARS Investment Partners
New York
$1.8M
CWM
480
Calamos Wealth Management
Illinois
$1.8M
IA
481
Integrity Alliance
Iowa
$1.8M
WWM
482
Walser Wealth Management
Florida
$1.79M
CSP
483
Cary Street Partners
Virginia
$1.75M
HA
484
HHLR Advisors
Cayman Islands
$1.75M
AFS
485
Amtrust Financial Services
New York
$1.74M
JGC
486
J. Goldman & Co
New York
$1.74M
TNA
487
True North Advisors
Texas
$1.73M
SWM
488
SeaCrest Wealth Management
New York
$1.72M
HIM
489
HGC Investment Management
Ontario, Canada
$1.72M
CFM
490
Capricorn Fund Managers
United Kingdom
$1.72M
PIA
491
Powell Investment Advisors
Florida
$1.71M
SMA
492
Sage Mountain Advisors
Georgia
$1.7M
USCWA
493
U.S. Capital Wealth Advisors
Texas
$1.69M
PFS
494
Prospect Financial Services
New York
$1.69M
IFO
495
Independent Family Office
New York
$1.68M
Cohen & Steers
496
Cohen & Steers
New York
$1.67M
FA
497
Fedenia Advisers
Wisconsin
$1.66M
WMG
498
WESCAP Management Group
California
$1.66M
AWA
499
Argos Wealth Advisors
California
$1.66M
MFG
500
Mustico Financial Group
New York
$1.66M