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iShares Bitcoin Trust
IBIT

598 hedge funds and large institutions have $4.24B invested in iShares Bitcoin Trust in 2024 Q2 according to their latest regulatory filings, with 218 funds opening new positions, 252 increasing their positions, 61 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

313% more repeat investments, than reductions

Existing positions increased: 252 | Existing positions reduced: 61

289% more first-time investments, than exits

New positions opened: 218 | Existing positions closed: 56

35% more funds holding

Funds holding: 442 → 598 (+156)

21% more capital invested

Capital invested by funds: $3.5B → $4.24B (+$747M)

20% more funds holding in top 10

Funds holding in top 10: 35 → 42 (+7)

3.1% more ownership

Funds ownership: 20.09% → 23.18% (+3.1%)

Holders
598
Holders Change
+156
Holders Change %
+35.29%
% of All Funds
8.64%
Holding in Top 10
42
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+20%
% of All Funds
0.61%
New
218
Increased
252
Reduced
61
Closed
56
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CM
Capula Management
Cayman Islands
+$277M
2
Goldman Sachs
Goldman Sachs
New York
+$261M
3
Jane Street
Jane Street
New York
+$242M
4
Morgan Stanley
Morgan Stanley
New York
+$205M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$92.9M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$373M
2
BCL
Bracebridge Capital LLC
Massachusetts
-$101M
3
SSA
Schonfeld Strategic Advisors
New York
-$74.1M
4
RCMNY
Rubric Capital Management (New York)
New York
-$69.7M
5
SI
Symmetry Investments
Jersey
-$61.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
SN
576
Sittner & Nelson
Oregon
$3.41K – – –
FP
577
Financial Perspectives
Minnesota
$3.07K – – –
WAM
578
WFA Asset Management
Wisconsin
$3.07K +$3.36K +90 New
PP
579
PFS Partners
New Jersey
$2.66K +$2.91K +78 New
CTC
580
Central Trust Company
Missouri
$2.56K +$2.8K +75 New
RFG
581
RFP Financial Group
Georgia
$2.36K – – –
RBC
582
Roble Belko & Company
Pennsylvania
$2K +$1.75K +47 New
FPB
583
First PREMIER Bank
South Dakota
$2K +$1.87K +50 New
NCM
584
Northwest Capital Management
Oregon
$1.77K +$1.94K +52 New
SA
585
Scarborough Advisors
Maryland
$1.37K – – –
PA
586
Pineridge Advisors
Missouri
$1.37K +$1.49K +40 New
CSB
587
City State Bank
Iowa
$1.13K +$1.23K +33 New
CA
588
Centerpoint Advisors
Massachusetts
$1K – – –
BCH
589
Berkshire Capital Holdings
California
$341 – – –
CIAS
590
CBIZ Investment Advisory Services
Ohio
$341 – – –
MFT
591
Moisand Fitzgerald Tamayo
Florida
$274 – – –
Northwestern Mutual Wealth Management
592
Northwestern Mutual Wealth Management
Wisconsin
$273 -$486 -13 -62%
LFA
593
LGT Financial Advisors
Texas
$205 +$224 +6 New
TCM
594
TD Capital Management
Tennessee
$171 +$187 +5 New
BMC
595
Bear Mountain Capital
Washington
$164 – – –
HWA
596
HHM Wealth Advisors
Tennessee
$137 +$112 +3 +300%
HI
597
Harbour Investments
Wisconsin
$68 – – –
Wells Fargo
598
Wells Fargo
California
$44 +$37 +1 New
Fidelity Investments
599
Fidelity Investments
Massachusetts
$34 -$37 -1 -50%
BCL
600
Bracebridge Capital LLC
Massachusetts
– -$101M -2,486,750 Closed
22 23
24
25 26

IBIT Hedge Fund Activity: Q2 2024 in Review

598 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in iShares Bitcoin Trust (IBIT) for Q2 2024, worth a combined $4.24B — up 21% from $3.5B a quarter earlier.

Buyers outnumbered sellers: 218 funds opened new IBIT positions and 56 closed out — a net gain of 162 holders — while 252 added to existing stakes and 61 trimmed.

The largest buyer was Capula Management, opening a new position worth an estimated $277M. The largest seller was Millennium Management, cutting an estimated $373M.

  • 598 institutional investors held iShares Bitcoin Trust (IBIT) as of Q2 2024, up from 442 in Q1 2024.
  • Funds reported $4.24B of iShares Bitcoin Trust stock for Q2 2024, up 21% quarter-over-quarter.
  • 218 funds opened new iShares Bitcoin Trust positions in Q2 2024 and 56 closed out, a net change of +162 holders.
  • The largest iShares Bitcoin Trust buyer in Q2 2024 was Capula Management, an estimated $277M added.
  • The largest iShares Bitcoin Trust seller in Q2 2024 was Millennium Management, an estimated $373M sold.

Based on aggregated 13F filings for Q2 2024.