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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

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:

more funds holding

Funds holding:

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
Holders Change %
% of All Funds
Holding in Top 10
104
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
LCAM
1726
London & Capital Asset Management
United Kingdom
HCMT
1727
Highland Capital Management (Tennessee)
Tennessee
Q
1728
QVR
California
CCG
1729
Capital CS Group
California
FWM
1730
Forefront Wealth Management
Pennsylvania
CGF
1731
Constant Guidance Financial
Massachusetts
CAIMH
1732
Central Asset Investments & Management Holdings
Hong Kong
LWA
1733
LifeGoal Wealth Advisors
New York
LCWP
1734
Legacy Capital Wealth Partners
Arkansas
BA
1735
Bluesphere Advisors
Pennsylvania
CIC
1736
Chilton Investment Company
Connecticut
FA
1737
FF Advisors
California
WG
1738
Watchman Group
Texas
LWM
1739
Liberty Wealth Management
California
TW
1740
TritonPoint Wealth
Maryland
RIA
1741
Regal Investment Advisors
Michigan
NFP
1742
Narus Financial Partners
Utah
BA
1743
Bridgewater Advisors
New York
CRI
1744
Commonwealth Retirement Investments
Virginia
GSEP
1745
Golden State Equity Partners
California
CCAM
1746
Cascades Capital Asset Management
North Carolina
AWM
1747
Angeles Wealth Management
California
CC
1748
Citrine Capital
California
RFS
1749
Retirement Financial Solutions
Tennessee
SIC
1750
Samalin Investment Counsel
New York