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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
CGA
1751
Crescent Grove Advisors
Illinois
P
1752
Paradiem
Louisiana
MFG
1753
Mosaic Financial Group
Illinois
JSL
1754
JT Stratford LLC
Georgia
SL
1755
Sentry LLC
Tennessee
LPAM
1756
Lodestar Private Asset Management
California
NCM
1757
Narwhal Capital Management
Georgia
PPWM
1758
Perissos Private Wealth Management
Oklahoma
NC
1759
North Capital
Utah
ACM
1760
Ashford Capital Management
Delaware
IW
1761
Instrumental Wealth
Florida
AI
1762
Axecap Investments
Ohio
SA
1763
Sonoma Allocations
California
MWM
1764
Meadowbrook Wealth Management
New York
RC
1765
Roundview Capital
New Jersey
BCG
1766
Bravias Capital Group
New Jersey
AA
1767
ACT Advisors
North Carolina
HT
1768
Headlands Technologies
Illinois
CFP
1769
Catalyst Financial Partners
Massachusetts
DTL
1770
Dynamic Technology Lab
Singapore
BMCM
1771
Burns Matteson Capital Management
New York
HR
1772
Howe & Rusling
New York
DI
1773
Disciplined Investors
Texas
TFP
1774
Tilia Fiduciary Partners
North Carolina
AF
1775
Apollon Financial
South Carolina