Holders sold over 25,000 BTC worth of bitcoin ETFs shares last quarter: analyst
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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.

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.
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source: https://www.tradingview.com/news/the_block:9d8957547094b:0-holders-sold-over-25-000-btc-worth-of-bitcoin-etfs-shares-last-quarter-analyst/