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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

100% more repeat investments, than reductions

Existing positions increased: 789 | Existing positions reduced: 395

29% more call options, than puts

Call options by funds: $10.6B | Put options by funds: $8.24B

25% more first-time investments, than exits

New positions opened: 297 | Existing positions closed: 238

2% more funds holding

Funds holding: 1,6221,650 (+28)

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
+28
Holders Change %
+1.73%
% of All Funds
20.08%
Holding in Top 10
104
Holding in Top 10 Change
-26
Holding in Top 10 Change %
-20%
% of All Funds
1.27%
New
297
Increased
789
Reduced
395
Closed
238
Calls
$10.6B
Puts
$8.24B
Net Calls
+$2.38B
Net Calls Change
-$2.2B
Name Holding Trade Value Shares
Change
Change in
Stake
FPAS
726
Focus Partners Advisor Solutions
Missouri
$825K -$2.65M -46,592 -74%
TC
727
Town Capital
Maryland
$823K +$941K +16,571 New
HIA
728
Harbor Investment Advisory
Maryland
$821K -$767K -13,493 -45%
CIAS
729
Capital Investment Advisory Services
North Carolina
$821K +$149K +2,620 +19%
TWM
730
Thryve Wealth Management
Texas
$815K +$933K +16,420 New
ADL
731
Asset Dedication LLC
California
$815K +$568 +10 +0.1%
UB
732
UMB Bank
Missouri
$809K +$303K +5,341 +49%
FDCDDQ
733
Federation des caisses Desjardins du Quebec
Quebec, Canada
$807K +$54.6K +961 +6%
TS
734
Tamar Securities
California
$806K +$3.81K +67 +0.4%
CCM
735
Chilton Capital Management
Texas
$802K
HA
736
Harfst & Associates
Wyoming
$802K +$45.8K +807 +5%
AWP
737
Ascent Wealth Partners
New York
$800K +$157K +2,770 +21%
FFWA
738
FRG Family Wealth Advisors
Washington
$799K +$73.6K +1,295 +9%
TWM
739
Tolleson Wealth Management
Texas
$798K +$913K +16,065 New
JCM
740
J2 Capital Management
Michigan
$794K +$83.7K +1,473 +10%
NFGH
741
Nan Fung Group Holdings
Hong Kong
$793K
CWM
742
ClientFirst Wealth Management
Arkansas
$789K -$64.2K -1,130 -7%
PFS
743
Prospera Financial Services
Texas
$787K +$649K +11,431 +258%
WTC
744
WhitTier Trust Company
Nevada
$784K +$321K +5,650 +61%
CRCM
745
Crystal Rock Capital Management
Illinois
$783K -$78.1K -1,375 -8%
ML
746
McAdam LLC
Pennsylvania
$779K +$386K +6,799 +77%
OCM
747
Osbon Capital Management
Massachusetts
$775K +$886K +15,599 New
KCA
748
Kastel Capital Advisors
Massachusetts
$773K +$885K +15,577 New
FI
749
Finivi Inc
Massachusetts
$772K +$883K +15,543 New
AIM
750
Archer Investment Management
Texas
$771K +$882K +15,530 New