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iShares Bitcoin Trust

1,604 hedge funds and large institutions have $18.9B invested in iShares Bitcoin Trust in 2025 Q4 according to their latest regulatory filings, with 269 funds opening new positions, 776 increasing their positions, 393 reducing their positions, and 235 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:

less funds holding

Funds holding:

2.48% less ownership

Funds ownership: 30.36%27.88% (-2.5%)

21% less funds holding in top 10

Funds holding in top 10: 128101 (-27)

29% less capital invested

Capital invested by funds: $26.5B → $18.9B (-$7.63B)

Holders
1,604
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
101
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
HA
826
Hyposwiss Advisors
$591K
SIP
827
Snowwater Investment Partners
Connecticut
$590K
HIG
828
Heritage Investment Group
Florida
$589K
MMA
829
Miracle Mile Advisors
California
$587K
PPG
830
Peak Planning Group
Colorado
$584K
MIFH
831
Migdal Insurance & Financial Holdings
Israel
$583K
ACM
832
Advance Capital Management
Michigan
$583K
PTC
833
Philadelphia Trust Company
Pennsylvania
$582K
SMH
834
Sanders Morris Harris
Texas
$582K
AAM
835
Ameraudi Asset Management
New York
$581K
HWP
836
Hibernia Wealth Partners
Louisiana
$580K
SA
837
SAM Advisors
California
$578K
PIMG
838
Patriot Investment Management Group
Tennessee
$575K
NAS
839
Nicolet Advisory Services
Wisconsin
$574K
GEM
840
Global Endowment Management
North Carolina
$573K
DWS
841
Discipline Wealth Solutions
South Carolina
$569K
GS
842
GTS Securities
New York
$569K
CCG
843
Cypress Capital Group
Florida
$568K
SCM
844
Stordahl Capital Management
Colorado
$565K
TWM
845
Tradition Wealth Management
Minnesota
$563K
OAS
846
Optivise Advisory Services
Tennessee
$561K
SC
847
Scratch Capital
Idaho
$561K
AAG
848
Asset Advisory Group
New Jersey
$559K
BA
849
Ballew Advisors
Mississippi
$558K
CA
850
Continuum Advisory
Idaho
$557K