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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
JSL
1101
JT Stratford LLC
Georgia
$247K +$226K +4,031 New
DI
1102
Disciplined Investors
Texas
$247K +$226K +4,029 New
SAM
1103
Smartleaf Asset Management
Massachusetts
$246K -$300K -5,350 -57%
TWG
1104
The Wealth Group
Minnesota
$246K +$225K +4,016 New
CRI
1105
Commonwealth Retirement Investments
Virginia
$245K +$224K +4,000 New
CSA
1106
Cottage Street Advisors
Massachusetts
$245K +$224K +4,000 New
DA
1107
Detalus Advisors
Missouri
$245K +$224K +3,998 New
BMCM
1108
Burns Matteson Capital Management
New York
$244K +$224K +3,990 New
LIG
1109
Lokken Investment Group
Delaware
$244K +$223K +3,979 New
SIAG
1110
Safeguard Investment Advisory Group
California
$244K +$223K +3,979 New
TCOV
1111
Trust Company of Vermont
Vermont
$243K -$21.2K -378 -9%
DW
1112
Durante & Waters
New York
$242K +$222K +3,960 New
4A
1113
4Wealth Advisors
Illinois
$240K +$220K +3,929 New
Fisher Asset Management
1114
Fisher Asset Management
Washington
$240K +$220K +3,924 New
AWC
1115
Abundance Wealth Counselors
Pennsylvania
$240K +$220K +3,925 New
PWM
1116
Purus Wealth Management
California
$239K +$218K +3,899 New
VC
1117
Vicus Capital
Pennsylvania
$238K +$218K +3,892 New
CPCM
1118
Cardinal Point Capital Management
Ontario, Canada
$237K +$217K +3,875 New
NFP
1119
Narus Financial Partners
Utah
$237K -$345K -6,151 -61%
FT
1120
Fiduciary Trust
Massachusetts
$236K +$216K +3,860 New
FAG
1121
Fortitude Advisory Group
Washington
$236K +$216K +3,855 New
MWA
1122
MN Wealth Advisors
Kansas
$236K +$216K +3,848 New
LWM
1123
Liberty Wealth Management
California
$234K +$215K +3,830 New
CI
1124
Ceera Investments
Texas
$234K +$214K +3,825 New
LCWP
1125
Legacy Capital Wealth Partners
Arkansas
$234K +$214K +3,817 New
43 44
45
46 47

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.