Institutional ownership of $IBIT reached 28.9% in the fourth quarter of 2025, with a total of 1,681 institutional holders. Investment advisors hold the largest share at 44.2%, followed by hedge funds at 27.5%. Brokerages account for 15.6%, while banks and private equity firms hold 3.6% and 1.1%, respectively. The ownership structure is gradually shifting towards longer-duration allocators, with advisors continuing to dominate the base.