On February 17, 2026, the US spot Bitcoin ETF saw a net outflow of $104 million, reducing its total trading volume to approximately $3 billion. The SEC's Q4 holdings report showed that Hong Kong-based Laurore made a single purchase of $436 million worth of iShares Bitcoin ETF (IBIT); Jane Street bought $276 million worth of IBIT in Q4, becoming its second-largest buyer. Additionally, Mubadala Investment increased its IBIT holdings to 12.7 million shares, worth $630 million. During the same period, Brevan Howard reduced its IBIT holdings by approximately 85%, down to $273 million; Goldman Sachs reduced its IBIT holdings by approximately 40%, leaving a remaining holding of approximately $1 billion.