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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
SC
1251
SouthState Corp
Florida
$247K
ICMM
1252
Integrated Capital Management (Michigan)
Michigan
$247K +$9.43K +166 +3%
LAM
1253
L2 Asset Management
Massachusetts
$247K
AA
1254
Apriem Advisors
California
$245K
CIC
1255
Cutler Investment Counsel
Oregon
$245K -$58.3K -1,026 -17%
DACG
1256
Donor Advised Charitable Giving
California
$245K +$281K +4,940 New
TL
1257
Tradewinds LLC
North Carolina
$245K +$34.1K +600 +14%
AGC
1258
Aspen Grove Capital
Colorado
$245K +$280K +4,935 New
IP
1259
Indivisible Partners
Florida
$245K +$280K +4,925 New
FT
1260
Fiduciary Trust
Massachusetts
$242K +$57.4K +1,010 +26%
TAM
1261
Tucker Asset Management
Colorado
$242K -$16.1K -284 -6%
NA
1262
Nautilus Advisors
California
$241K
FCCM
1263
First City Capital Management
Georgia
$240K -$59.4K -1,045 -18%
CWM
1264
Castle Wealth Management
Florida
$239K +$95.8K +1,686 +54%
BFIM
1265
Beese Fulmer Investment Management
Ohio
$239K +$67K +1,180 +32%
M1FG
1266
Mach-1 Financial Group
Arkansas
$239K +$273K +4,808 New
NWP
1267
NerdWallet Wealth Partners
New York
$239K +$227 +4 +0.1%
AWA
1268
Amplius Wealth Advisors
Pennsylvania
$239K +$273K +4,806 New
WF
1269
Whelan Financial
California
$238K +$9.26K +163 +4%
KAM
1270
Knightsbridge Asset Management
California
$236K +$50.7K +893 +23%
SF
1271
Symphony Financial
Texas
$235K +$18.7K +329 +7%
GC
1272
GatePass Capital
Ohio
$235K +$32.8K +577 +14%
AFG
1273
Artesa Financial Group
Texas
$235K +$269K +4,737 New
WP
1274
Westmount Partners
California
$235K -$35.1K -617 -12%
JAFL
1275
Jay A. Fishman Ltd
Michigan
$235K