Analysts: Institutions Sold Over 25,000 BTC Worth of Bitcoin ETF Shares Last Quarter

Odaily News According to Bloomberg ETF analyst James Seyffart, based on statistics from 13F filings disclosed by the U.S. SEC, institutional investors collectively sold approximately 25,098 BTC worth of Bitcoin ETF shares in the fourth quarter of 2025, indicating a clear trend of reducing positions.

Data shows that investment advisors and hedge funds are the primary holders of Bitcoin ETFs, with Brevan Howard making the largest reduction by selling over 17,000 BTC worth of ETF holdings.

This round of selling occurred during a period when Bitcoin's price fell from its 2025 high of over $120,000 to below $85,000. Currently, the Bitcoin price has further declined to around $64,000, with market sentiment remaining in the extreme fear zone.