Q1 2026 13F: Bitcoin ETF Holdings Fell 52.6K BTC as Funds, Brokers Led Selling
Q1 2026 delivered the first extended pullback since US spot Bitcoin ETFs launched, and professional holdings tracked in 13F filings fell from 313K BTC to 260.8K BTC. Hedge funds and brokerages accounted for about 50.2K BTC of the 52.6K BTC quarterly reduction, while banks increased exposure by 7.7K BTC and investment advisors remained the largest holder group at 150.3K BTC. The quarter also saw a net exit of 218 institutional entities, with 398 departures versus 180 new entrants.