We are live on ! Find out more
IBIT icon

iShares Bitcoin Trust
IBIT

1,433 hedge funds and large institutions have $22.6B invested in iShares Bitcoin Trust in 2025 Q2 according to their latest regulatory filings, with 336 funds opening new positions, 679 increasing their positions, 231 reducing their positions, and 74 closing their positions.

New
Increased
Maintained
Reduced
Closed

354% more first-time investments, than exits

New positions opened: 336 | Existing positions closed: 74

194% more repeat investments, than reductions

Existing positions increased: 679 | Existing positions reduced: 231

77% more capital invested

Capital invested by funds: $12.8B → $22.6B (+$9.81B)

53% more funds holding in top 10

Funds holding in top 10: 79 → 121 (+42)

21% more funds holding

Funds holding: 1,180 → 1,433 (+253)

21% more call options, than puts

Call options by funds: $6.84B | Put options by funds: $5.66B

3.62% more ownership

Funds ownership: 26.97% → 30.59% (+3.6%)

Holders
1,433
Holders Change
+253
Holders Change %
+21.44%
% of All Funds
18.87%
Holding in Top 10
121
Holding in Top 10 Change
+42
Holding in Top 10 Change %
+53.16%
% of All Funds
1.59%
New
336
Increased
679
Reduced
231
Closed
74
Calls
$6.84B
Puts
$5.66B
Net Calls
+$1.18B
Net Calls Change
-$83.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$978M
2
BHCM
Brevan Howard Capital Management
Jersey
+$893M
3
WAM
Weiss Asset Management
Massachusetts
+$286M
4
IMC Chicago
IMC Chicago
Illinois
+$232M
5
Millennium Management
Millennium Management
New York
+$216M

Top Sellers

Rank Fund Capital Flow
1
MG
Marex Group
-$359M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$169M
3
CL
CRCM LP
California
-$86.7M
4
Citadel Advisors
Citadel Advisors
Florida
-$83.4M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$71.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BW
876
BIP Wealth
Georgia
$440K +$2.3K +41 +0.6%
SCA
877
Snowden Capital Advisors
New York
$438K +$401K +7,158 New
RG
878
Rathbones Group
United Kingdom
$435K +$62.2K +1,110 +18%
DJSG
879
D.J. St. Germain
Massachusetts
$435K – – –
TMWM
880
Taylor & Morgan Wealth Management
Michigan
$433K – – –
FPWM
881
FSB Premier Wealth Management
Iowa
$433K +$33K +589 +9%
CCWM
882
Correct Capital Wealth Management
Missouri
$431K +$4.76K +85 +1%
CPW
883
Catalyst Private Wealth
California
$430K +$60K +1,070 +18%
AWM
884
Alterna Wealth Management
Texas
$428K +$392K +6,996 New
AWM
885
Accurate Wealth Management
Florida
$428K +$60.6K +1,081 +19%
SFG
886
Sunburst Financial Group
Alabama
$428K +$32.1K +572 +9%
LSPW
887
Lake Street Private Wealth
Illinois
$427K +$107K +1,908 +38%
PA
888
Perennial Advisors
New York
$426K +$11.5K +205 +3%
TSS
889
Two Sigma Securities
New York
$426K -$1.13M -20,120 -74%
PGAM
890
Princeton Global Asset Management
New Jersey
$426K +$98.1K +1,750 +34%
Qube Research & Technologies (QRT)
891
Qube Research & Technologies (QRT)
United Kingdom
$424K +$388K +6,921 New
CIC
892
Chilton Investment Company
Connecticut
$422K +$387K +6,898 New
PMG
893
Private Management Group
California
$419K +$384K +6,845 New
MWM
894
Meridian Wealth Management
Kentucky
$419K +$97K +1,731 +34%
4WM
895
4J Wealth Management
Virginia
$418K -$1.4K -25 -0.4%
EFG
896
Embree Financial Group
Illinois
$417K +$42.6K +761 +13%
DE
897
Diversified Enterprises
Delaware
$413K +$378K +6,747 New
P
898
&Partners
Tennessee
$413K +$378K +6,740 New
VCA
899
Verdence Capital Advisors
Maryland
$411K +$95.7K +1,708 +34%
UBV
900
United Bank (Virginia)
Virginia
$410K – – –
34 35
36
37 38

IBIT Hedge Fund Activity: Q2 2025 in Review

1,433 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares Bitcoin Trust (IBIT) for Q2 2025, worth a combined $22.6B — up 77% from $12.8B a quarter earlier.

Buyers outnumbered sellers: 336 funds opened new IBIT positions and 74 closed out — a net gain of 262 holders — while 679 added to existing stakes and 231 trimmed.

The largest buyer was Jane Street, adding an estimated $978M. The largest seller was Marex Group, cutting an estimated $359M.

  • 1,433 institutional investors held iShares Bitcoin Trust (IBIT) as of Q2 2025, up from 1,180 in Q1 2025.
  • Funds reported $22.6B of iShares Bitcoin Trust stock for Q2 2025, up 77% quarter-over-quarter.
  • 336 funds opened new iShares Bitcoin Trust positions in Q2 2025 and 74 closed out, a net change of +262 holders.
  • The largest iShares Bitcoin Trust buyer in Q2 2025 was Jane Street, an estimated $978M added.
  • The largest iShares Bitcoin Trust seller in Q2 2025 was Marex Group, an estimated $359M sold.

Based on aggregated 13F filings for Q2 2025.