The analysis·Updated Jun 30, 2026

Institutional Holdings Insights

The named depth of the 2026Q2 register: the top-50 leaderboard, per-asset economics, the concentration curve, and the full ledger of new holders.

Live, not a PDF: every module below recomputes from the register pack. Recomputed each quarter as the SEC filings land; next refresh August 14, 2026. This snapshot: June 30, 2026.

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The system behind this tracker

You are already inside Layer 1 of Meridial.

Meridial is the go-to-market system for digital asset companies. The intelligence reading this market for you is its first layer; two more, content and outbound, will turn it into commercial results and pipeline generated at scale for your team.

The open layer

Who holds it

N = 3,183 filers, full population (stats, not the shown table)

Institutional crypto is not a crypto crowd

The most important cut of the register is who these institutions actually are. 2,709 of the 3,183 filers are investment advisers, the entire asset-management industry counted as one family. The other 474 are the named institutional types, banks first.

Investment adviserthe asset-management industry, one family2,70985% of all filers

The other 474 filers, by type

Bank
189
6%
Family office
71
2%
Pension
56
2%
Broker-dealer
54
2%
Market maker / prop trading
30
1%
Insurance
24
1%
Other
19
1%
Endowment / foundation
11
<1%
Sovereign / government fund
10
<1%
Crypto-native manager
10
<1%

The tell: it is traditional finance

3,173 of the 3,183 filers are traditional-finance institutions: 189 banks, 71 family offices, 56 pensions, 24 insurers, 10 sovereign funds. Exactly 10 is a crypto-native manager.

Why the type is the segment

Each type is a different buyer. Banks need custody and compliance, pensions need reporting and risk, insurers need capital treatment. For anyone selling into this entrance, the institution type is the segment.

SEC EDGAR · snapshot 2026-06-30

The footprint

N = 3,183 filers, full population (stats, not the shown table)

Where the $115B actually sits

The ETF flows story undercounts it: $130.2B of the disclosed exposure is crypto EQUITIES (miners, exchanges, treasury companies), against $20.3B in spot ETPs.

Equity: miner
$70.7B
1,424 holders
Equity: exchange
$22.4B
1,157 holders
Equity: BTC treasury
$19.0B
925 holders
BTC
$17.8B
1,955 holders
Equity: stablecoin issuer
$8.3B
564 holders
Equity: digital-asset treasury
$5.3B
673 holders
Equity: financial services
$4.0B
348 holders
ETH
$1.7B
740 holders
SOL
$341.7M
120 holders
Equity: custody & payments
$338.6M
174 holders
12 smaller assets
$602.7M

SEC EDGAR · snapshot 2026-06-30

The shape of the money

N = 3,183 filers, $150.6B disclosed

ETPs vs equities, and how tight it is

2,051 institutions hold spot ETPs and 2,242 hold crypto equities; 1,110 hold both. The 20 largest managers carry 47% of all disclosed value.

Spot ETPsCrypto equities
Disclosed value
14%
of $150.6B
Holders
48%
47%
of value sits with the top 20
275
new crypto holders this quarter

SEC EDGAR · snapshot 2026-06-30

The gated analysis

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The named depth: 7 more modules

The charts above are the open layer. Below sits the analysis: named leaderboards, lifecycles, and full feeds, recomputed from the register on every refresh, so nothing here ever goes stale. Free: we ask four things so we know who is using it. One unlock opens every tracker's insights.

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The 50 largest holders, named

The leaderboard of disclosed crypto exposure: BlackRock at the top, then the index and quant complex, every row linked to its own SEC filing.

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Broad and thin, narrow and heavy

Per asset, two bars: how many institutions hold it, and how many dollars sit in it. The divergence between the two bars is the insight.

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What the big money did last quarter

Every position of the 1,000 largest filers, by direction: added, opened, trimmed, or held, per asset. The direction mix is the earliest flow signal the filings allow.

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Who entered at size

The first-quarter filers already ranked inside the top 1,000 by value, named. Most entrants start small; these did not.

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The concentration curve

Cumulative share of all disclosed value by filer rank, top 1 to top 1,000. A broad register with a narrow spine.

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The new-filer ledger

First-time crypto filers by week across the filing window, and the full dated ledger. The procurement window opens here.

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Q2 lands August 14

The flow modules (who added, who trimmed, who exited, in dollars) switch on when the Q2 2026 filings land on August 14, 2026.

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Filer type is classified from the SEC CRD registration on each 13F, a curated institution map, and keyword rules, then verified by an independent adversarial agent pass. A 200-firm audit shows 98% agreement at this level. All SEC-registered investment advisers (including hedge funds) are shown as one family; banks, market makers, pensions, insurers, sovereign funds and family offices are distinct. Table shows the 1,000 largest of 3,183 disclosing managers by disclosed value; the aggregates above cover all 3,183. Reconciled to EDGAR distinct-manager counts within 3% per instrument; counts rise slightly as late 2026Q2 filings settle. Q1 2026 was restated on September 25, 2026: settled with the SEC's later filings and measured on a wider instrument roster, it stands at 3,240 managers and $127.9B, against the 3,088 managers and $115.1B this page showed before. Full methodology.