Bloomberg analysts: Institutions reduced their holdings in Bitcoin ETFs in Q4, with advisors and hedge funds being the largest sellers

Bloomberg analyst James Seyffart posted on X platform that institutional investors submitting 13F reports to the U.S. Securities and Exchange Commission reduced their Bitcoin ETF positions in the fourth quarter of 2025, with investment advisory firms and hedge funds being the two largest categories of institutions by position size, becoming the main sellers in the market.

Overall, the reporting institutional investors that submitted 13F reports sold a total equivalent to approximately 25,000 Bitcoin worth of ETF shares in the fourth quarter of 2025.