New Data Shows Which US Investors Actually Sold Bitcoin ETFs
Data reveals that large US institutional investors (13F filers), primarily advisors and hedge funds, were net sellers of Bitcoin ETFs in Q4 2025.Summary
New data from Bloomberg Intelligence, based on Q4 2025 13F filings, indicates that large US institutional investors were net sellers of Bitcoin ETFs, reducing their exposure by nearly $1.6 billion. The selling was concentrated among investment advisors, who accounted for a reduction equivalent to about 21,831 BTC, and hedge fund managers, responsible for about 7,694 BTC. While some entities increased holdings, the overall trend among these major filers suggests weakened big-money positioning, aligning with recent daily ETF outflows. This selling pressure from institutions, who may use ETFs for hedging or short-term trading rather than just long-term investment, helps explain why Bitcoin has remained under pressure despite short-term rebounds.
(Source：BeInCrypto)