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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
GC
1076
Grimes & Company
Massachusetts
$265K +$243K +4,334 New
TA
1077
Tectonic Advisors
Texas
$265K – – –
UAS
1078
United Asset Strategies
New York
$264K -$491K -8,758 -67%
SF
1079
Symphony Financial
Texas
$264K +$57.1K +1,019 New
AA
1080
Advisory Alpha
Michigan
$264K +$242K +4,313 New
AA
1081
Ancora Advisors
Ohio
$262K -$40.5K -723 -14%
OL
1082
Optas LLC
Texas
$261K +$239K +4,272 New
SHIM
1083
Stone House Investment Management
Pennsylvania
$261K +$68K +1,213 +40%
DC
1084
Davenport & Co
Virginia
$260K +$238K +4,246 New
AAG
1085
Armstrong Advisory Group
Massachusetts
$259K +$22.4K +400 +10%
MHR
1086
Matthew Hamilton Rosenberg
$257K – – –
CWM
1087
Centric Wealth Management
Illinois
$256K +$217K +3,875 New
SCP
1088
Stevens Capital Partners
Nebraska
$256K +$219K +3,911 New
AC
1089
Apella Capital
Connecticut
$256K +$234K +4,172 New
BWM
1090
BCS Wealth Management
Tennessee
$255K +$233K +4,158 New
OWP
1091
ORG Wealth Partners
Texas
$254K +$16.1K +287 +7%
NIM
1092
Northeast Investment Management
Massachusetts
$254K +$233K +4,150 New
CFP
1093
Catalyst Financial Partners
Massachusetts
$254K +$232K +4,145 New
MWM
1094
Mascagni Wealth Management
Mississippi
$253K +$231K +4,129 New
AL
1095
Aspiriant LLC
California
$252K +$231K +4,118 New
WGS
1096
Washington Growth Strategies
District of Columbia
$252K +$230K +4,111 New
MLFP
1097
MPS Loria Financial Planners
Illinois
$252K +$230K +4,112 New
AO
1098
Advisor OS
Illinois
$252K +$230K +4,111 New
RFA
1099
Rollins Financial Advisors
New York
$251K +$230K +4,097 New
FWM
1100
FFT Wealth Management
Pennsylvania
$249K +$209K +3,725 New
42 43
44
45 46

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.