Institutional investment managers increased their allocations to US spot Bitcoin exchange-traded funds (ETFs) during Q4 2025, despite a price correction that shaved nearly a quarter off its market value, according to CryptoSlate. An analysis of 13F filings revealed that 121 institutions reported a net increase of 892,610 shares across various US-listed spot Bitcoin ETFs from Q3 to Q4 2025. While the number of shares held by these firms increased, the aggregate dollar value of those holdings fell by approximately $19.2 million. Dartmouth College’s $9 billion endowment fund acquired around $15 million in shares of BlackRock's IBIT and Grayscale's Ethereum fund, despite the broader market situation.

Institutional investment managers increased their allocations to US spot Bitcoin exchange-traded funds (ETFs) during Q4 2025, despite a price correction that shaved nearly a quarter off its market value, according to CryptoSlate. An analysis of 13F filings revealed that 121 institutions reported a net increase of 892,610 shares across various US-listed spot Bitcoin ETFs from Q3 to Q4 2025. While the number of shares held by these firms increased, the aggregate dollar value of those holdings fell by approximately $19.2 million. Dartmouth College’s $9 billion endowment fund acquired around $15 million in shares of BlackRock's IBIT and Grayscale's Ethereum fund, despite the broader market situation.