Bloomberg Analyst: Institutions Universally Trimmed Bitcoin ETF Holdings in Q4, Advisors and Hedge Funds Were Top Sellers

BlockBeats News, February 25th, Bloomberg analyst James Seyffart wrote on the X platform that in the fourth quarter of 2025, institutional investors who submitted 13F reports to the U.S. Securities and Exchange Commission overall reduced their Bitcoin ETF positions. Among them, investment advisory firms and hedge funds are the two types of institutions with the largest positions, becoming the main sellers in the market.

Overall, reporting institutional investors submitting 13F reports collectively sold ETF shares equivalent to approximately 25,000 Bitcoins' worth of exposure in the fourth quarter of 2025.