etf

Although no secret that the selloff was substantial, Bloomberg ETF Analyst James Seyffart has quantified exactly how much Bitcoin ETF holders unloaded during the final quarter of last year.
"What did 13F filers do with the bitcoin ETFs in Q4?" Seyffart asked in an X post on Tuesday. "In what should not be much of a surprise, they were sellers ... overall 13F Filers sold ETF shares equivalent to ~25,000 bitcoin in 4Q 2025."
Posting a graphic of Bloomberg data showing all the different types of bitcoin ETF holders — Investment Advisors and Hedge Fund Managers being the two largest categories by holdings — Seyffart revealed that during the fourth quarter of last year 25,098 BTC worth of shares in publicly-traded funds were sold.
During Q4 2025, the price of bitcoin fell dramatically from an all-time high of over $120,000 to less than $85,000. BTC's price decline has persisted, with many analysts seeing markets pushing deeper into "extreme fear" territory. The largest cryptocurrency by market cap is changing hands at about $64,000 as of Tuesday, according to The Block price page.

Bitcoin ETF holders during Q4 2025. Source: Bloomberg
Firms managing or holding more than $100 million in qualifying securities are required to file quarterly 13Fs with the U.S. Securities and Exchange Commission documenting their holdings in specific U.S.-listed equity securities.
Seyffart posted another graphic of Bloomberg data showing that Brevan Howard ranked as the organization that reduced its exposure to bitcoin ETFs the most after shedding over 17,000 BTC worth of shares in the bitcoin-based funds.
BlackRock and Fidelity issue the two largest spot Bitcoin ETFs by assets under management. 
With spot bitcoin exchange-traded funds just posting their fifth consecutive week of net outflows, the selloff isn't showing signs of slowing down. The 12 spot bitcoin ETFs shed approximately $316 million during the four-day week ending on Feb. 20, according to SoSoValue data.

#etf #BTC #holders
$BTC
$NVDAon
$ETH

US spot $BTC ETF flows turned green on Tuesday, with Fidelity and BlackRock leading gains despite persistent weak market sentiment.
Flows into US spot Bitcoin exchange-traded funds turned positive Tuesday as the price of Bitcoin attempted a modest recovery to $65,000, snapping a run of daily redemptions.
Spot $BTC ETFs recorded $257.7 million in inflows, marking the largest daily total since early February.
The gains more than offset Monday’s outflows of $203.8 million, pushing weekly flows back into positive territory after five consecutive weeks of net redemptions totaling $3.8 billion.

Despite the rebound, broader market sentiment remains weak, with analysts estimating that roughly half of #bitcoin circulating supply is underwater, compounded by reports of heavy institutional selling in the fourth quarter of 2025.
Since the beginning of 2026, total assets under management in US spot #BTC ETFs have fallen 30.5%, dropping from about $117 billion to $81.3 billion.
Fidelity leads inflows, with BlackRock close behind
Fidelity Investments’ spot Bitcoin #etf , the Fidelity Wise Origin Bitcoin Fund (FBTC), led Tuesday’s gains with nearly $83 million in inflows, according to Farside data.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) followed closely, recording $79 million of inflows.

The cumulative net flows remained above $54 billion after peaking above $62 billion in October 2025, signaling that many investors continued to hold.
Institutions sold 25,000 BTC in Q4 2025
#Bloomberg ETF analyst James Seyffart reported Tuesday that institutional investors led by advisors and hedge funds sold a total of 25,000 $BTC in the fourth quarter of 2025.
The amount, worth roughly $1.6 billion at current prices, represents a small fraction of Bitcoin’s $1.3 trillion market capitalization. The institutions still hold about 311,700 BTC, according to Seyffart.

Multiple analysts also noted that nearly 9 million BTC, or 45% of all coins in circulation, is currently underwater, or worth less than what its holders paid for it.
Bitwise’s chief investment officer, Matt Hougan, said this reflects Bitcoin’s ongoing evolution from speculation toward maturity.
“You can’t jump from 100% to 0% speculation without moving through every stage in between,” he wrote on X Tuesday.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and you should conduct your own research when making a decision.
#bullishleo

I numeri del Q4 2025 sono arrivati, e in superficie sembrano cupi. I colossi istituzionali—hedge fund e consulenti finanziari—hanno liquidato circa 25.000 BTC (del valore di $1.6 miliardi) dalle loro posizioni ETF.
Ma prima di lasciare che la narrativa "Il Denaro Intelligente sta lasciando" prenda piede, approfondiamo i dati. Quello che sembra una capitolazione potrebbe in realtà essere una lezione magistrale nella gestione del portafoglio.
Il Grande Ribilanciamento
Secondo l'analisi di Bloomberg sulle dichiarazioni SEC 13F, le vendite sono coincise con la correzione di Bitcoin dai suoi vertiginosi massimi di oltre $120.000 fino alla fascia di $85.000. Brevan Howard ha guidato il gruppo, scaricando oltre 17.000 BTC equivalenti.

Il mercato delle criptovalute sta affrontando un doppio colpo di paura speculativa e pressione strutturale. Poiché il dibattito sulla 'resilienza quantistica' riemerge, sta innescando un'ondata di cautela tra la nuova classe di partecipanti al mercato: gli investitori in ETF. 📉
Ecco la suddivisione dell'attuale polso di mercato:
🖥️ Tremori Quantistici: Le vecchie paure sono di nuovo attuali. Le preoccupazioni riguardo alla resilienza quantistica a lungo termine delle reti blockchain hanno iniettato un nuovo strato di incertezza, spingendo alcuni attori istituzionali a ridurre il rischio.