Update
Bitcoin ETF Holdings Show Continued Buying Trend
Thirteen of the 20 largest Bitcoin ETF holders to file third-quarter 13F reports so far have added shares, with SigFig Wealth Management buying $73.9 million of BlackRock's iShares Bitcoin Trust. Nine hedge funds and trading desks cut 68,000 BTC from their ETF holdings between September 2025 and June, while wealth platforms and sovereign funds added. The 20 largest holders still to report held about 154,000 BTC-equivalent in June, half of the filers' total, and are due to file by Nov. 16. Most of the largest Bitcoin ETF holders to report September positions so far added shares, extending a shift measured from late 2025 through June, when hedge funds and trading desks sold and wealth platforms and sovereign funds bought. Advisers have held through drops before, with investment advisers keeping adding to BlackRock's Bitcoin fund through 2025 while hedge funds cut theirs.