Bitcoin● Neutral

Hedge Funds Pulled Back From Bitcoin ETFs as Sovereign Funds Bought In

TradingGain Newsroom·1d ago·28 Oct 2026, 16:15 UTC

Galaxy Research found that nine hedge funds and banks reduced their spot bitcoin ETF holdings by 68,000 BTC as the cash-and-carry trade faded. Wealth platforms and sovereign funds added to their positions over the same period. Traders may read this as a shift in who is holding bitcoin ETF exposure.

BTCAt the time of writing, Bitcoin traded at $80,506 (-0.08% in 24h).Live price →

Why it matters

Nine hedge funds and banks cut 68,000 BTC of spot ETF exposure, a sizeable outflow from short-term players.
The cash-and-carry trade drying up may have removed a source of ETF demand.
Wealth platforms and sovereign funds added exposure, which may signal steadier long-term holders.

What to watch next

Watch for further ETF flow data from Galaxy Research and whether the cash-and-carry trade picks up again.

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This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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