Vault-13

COINSHARES BITCOIN ETF BRRR

COM · ETP · CUSIP 91916J100

16 institutional holders -2 vs Q1 2025
885,610885.6k shares reported held*
$27.0mreported value*
3 new 5 added 3 reduced 5 sold out net sold ≈ $265.6m (-8.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $30.47.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01020Q1 24: 9Q2 24: 14Q3 24: 14Q4 24: 15Q1 25: 18Q2 25: 1616Q1 24Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 20249
Q2 202414
Q3 202414
Q4 202415
Q1 202518
Q2 202516

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q2 24: 10 bought or addedQ2 24: 2 cut or sold outQ2 24Q3 24: 5 bought or addedQ3 24: 6 cut or sold outQ3 24Q4 24: 7 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 6 cut or sold outQ1 25Q2 25: 8 bought or addedQ2 25: 8 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024102
Q3 202456
Q4 202477
Q1 202576
Q2 202588

Biggest buyers

JANE STREET GROUP, LLC Added +167,477+167.5k
Virtu Financial LLC New +152,127+152.1k
Elequin Capital, LP Added +74,420+74.4k
MEITAV INVESTMENT HOUSE LTD Added +28,874+28.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +10,951+11.0k
Harel Insurance Investments & Financial Services Ltd. New +777+777
Cambridge Investment Research Advisors, Inc. Added +241+241
Ameritas Advisory Services, LLC New +116+116

Biggest sellers

Marex Group Ltd Sold out -9,000,000-9.0m
FLOW TRADERS U.S. LLC Sold out -68,913-68.9k
CPR Investments Inc. Reduced -46,834-46.8k
Farringdon Capital, Ltd. Reduced -11,758-11.8k
OLD MISSION CAPITAL LLC Sold out -9,487-9.5k
Migdal Insurance & Financial Holdings Ltd. Sold out -8,988-9.0k
CITADEL ADVISORS LLC Reduced -5,996-6.0k
OSAIC HOLDINGS, INC. Sold out -5-5

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 238,337238.3k $7.3m $7.3m 0.01% Added +167.5k +167,477
2 Virtu Financial LLC 0.24% of their portfolio New York, NY 152,127152.1k $4.6m $4.6m 0.24% New
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 119,311119.3k $3.6m $3.6m 0.01% Added +11.0k +10,951
4 CPR Investments Inc. 1.81% of their portfolio Rochester, MI 76,72276.7k $2.3m $2.3m 1.81% Reduced -46.8k -46,834
5 Elequin Capital, LP 0.32% of their portfolio NEW YORK, NY 76,53876.5k $2.3m $2.3m 0.32% Added +74.4k +74,420
6 MEITAV INVESTMENT HOUSE LTD 0.03% of their portfolio BENE-BERAQ, L3 72,23572.2k $2.2m $2.2m 0.03% Added +28.9k +28,874
7 RPO LLC 3.85% of their portfolio Stamford, CT 54,15954.2k $1.7m $1.7m 3.85% Unchanged
8 Farringdon Capital, Ltd. 0.40% of their portfolio LONDON, X0 39,51339.5k $1.2m $1.2m 0.40% Reduced -11.8k -11,758
9 Keebeck Wealth Management 0.12% of their portfolio Chicago, IL 30,25030.2k $921.7k $921.7k 0.12% Unchanged
10 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 13,60513.6k $414.5k $414.5k 0.00% Reduced -6.0k -5,996
11 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,95211.0k $334.0k $334.0k 0.00% Added +241 +241
12 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 968968 $29.5k $29.5k 0.00% Unchanged
13 Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio Ramat Gan, L3 777777 $24.0k $24.0k 0.00% New
14 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 116116 $3.5k $3.5k 0.00% New
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $3 $3 0.00% Unchanged
16 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged