Bitwise Bitcoin ETF
BITB
234 hedge funds and large institutions have $1.22B invested in Bitwise Bitcoin ETF in 2024 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 85 increasing their positions, 28 reducing their positions, and 14 closing their positions.
579% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 14
284% more call options, than puts
Call options by funds: $20.8M | Put options by funds: $5.42M
204% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 28
114% more funds holding in top 10
Funds holding in top 10: 7 → 15 (+8)
105% more capital invested
Capital invested by funds: $594M → $1.22B (+$625M)
51% more funds holding
Funds holding: 155 → 234 (+79)
8.45% more ownership
Funds ownership: 23.74% → 32.19% (+8.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$48.2M |
| 2 |
Millennium Management
New York
|
+$34.9M |
| 3 |
HHGC
Hunting Hill Global Capital
New York
|
+$27.6M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$18.8M |
| 5 |
QL
Quarry LP
New York
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$170M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$29.2M |
| 3 |
Goldman Sachs
New York
|
-$22.5M |
| 4 |
PRA
Pine Ridge Advisers
New York
|
-$19M |
| 5 |
OCM
Ovata Capital Management
Hong Kong
|
-$3.57M |
BITB Hedge Fund Activity: Q4 2024 in Review
234 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q4 2024, worth a combined $1.22B — up 105% from $594M a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new BITB positions and 14 closed out — a net gain of 81 holders — while 85 added to existing stakes and 28 trimmed.
The largest buyer was Jane Street, adding an estimated $48.2M. The largest seller was Susquehanna International Group, cutting an estimated $170M.
- 234 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q4 2024, up from 155 in Q3 2024.
- Funds reported $1.22B of Bitwise Bitcoin ETF stock for Q4 2024, up 105% quarter-over-quarter.
- 95 funds opened new Bitwise Bitcoin ETF positions in Q4 2024 and 14 closed out, a net change of +81 holders.
- The largest Bitwise Bitcoin ETF buyer in Q4 2024 was Jane Street, an estimated $48.2M added.
- The largest Bitwise Bitcoin ETF seller in Q4 2024 was Susquehanna International Group, an estimated $170M sold.
Based on aggregated 13F filings for Q4 2024.