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Bitwise Bitcoin ETF
BITB

320 hedge funds and large institutions have $1.29B invested in Bitwise Bitcoin ETF in 2025 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 142 increasing their positions, 64 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 15

126% more call options, than puts

Call options by funds: $34.8M | Put options by funds: $15.4M

122% more repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 64

14% more capital invested

Capital invested by funds: $1.13B → $1.29B (+$163M)

9% more funds holding

Funds holding: 293 → 320 (+27)

2.11% more ownership

Funds ownership: 27.22% → 29.33% (+2.1%)

7% less funds holding in top 10

Funds holding in top 10: 14 → 13 (-1)

Holders
320
Holders Change
+27
Holders Change %
+9.22%
% of All Funds
4.2%
Holding in Top 10
13
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.14%
% of All Funds
0.17%
New
48
Increased
142
Reduced
64
Closed
15
Calls
$34.8M
Puts
$15.4M
Net Calls
+$19.4M
Net Calls Change
+$1.16M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$60M
2
EC
Elequin Capital
New York
+$22.2M
3
TI
Tidal Investments
Wisconsin
+$20.8M
4
Wells Fargo
Wells Fargo
California
+$12.1M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$11.9M

Top Sellers

Rank Fund Capital Flow
1
SSA
Schonfeld Strategic Advisors
New York
-$71.9M
2
PCP
Pantera Capital Partners
California
-$48.6M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$9.05M
4
Renaissance Technologies
Renaissance Technologies
New York
-$6M
5
JP Morgan Chase
JP Morgan Chase
New York
-$3.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
WSFS
251
Wilmington Savings Fund Society
Delaware
$211K +$72.5K +1,164 +52%
Osaic Holdings
252
Osaic Holdings
Arizona
$209K -$35.2K -565 -14%
TPWM
253
Twelve Points Wealth Management
Massachusetts
$208K +$208K +3,335 New
CWS
254
Cypress Wealth Services
California
$206K +$206K +3,313 New
BCM
255
Beck Capital Management
Texas
$206K -$97.6K -1,567 -32%
SS
256
Sunbelt Securities
Texas
$166K +$132K +2,116 +385%
QWM
257
Quaker Wealth Management
New Jersey
$163K +$5.17K +83 +3%
HIIFS
258
Harel Insurance Investments & Financial Services
Israel
$161K +$136K +2,189 +543%
PWAM
259
Private Wealth Asset Management
Iowa
$144K – – –
RJA
260
Ross\Johnson & Associates
Minnesota
$132K +$623 +10 +0.5%
SIS
261
Sound Income Strategies
Florida
$121K +$45.7K +733 +66%
FGAM
262
Financial Gravity Asset Management
Texas
$119K +$119K +1,915 New
CWP
263
Clark Wealth Partners
Illinois
$119K +$187 +3 +0.1%
JWM
264
JPL Wealth Management
Colorado
$115K +$115K +1,846 New
BBHC
265
Brown Brothers Harriman & Co
New York
$109K +$109K +1,753 New
FW
266
Fairway Wealth
Ohio
$104K +$35.3K +567 +51%
T2I
267
Turim 21 Investimentos
Brazil
$87.4K +$87.5K +1,405 New
BlackRock
268
BlackRock
New York
$84.6K +$33.4K +536 +65%
S
269
SignatureFD
Georgia
$75.3K – – –
HCM
270
Hollencrest Capital Management
California
$70K – – –
PPC
271
Park Place Capital
Alabama
$65K – – –
TWC
272
TD Waterhouse Canada
Ontario, Canada
$64.1K – – –
AA
273
Ancora Advisors
Ohio
$62.2K – – –
MPWT
274
MassMutual Private Wealth & Trust
Connecticut
$62.2K – – –
PPA
275
Painted Porch Advisors
California
$54.3K – – –
9 10
11
12 13

BITB Hedge Fund Activity: Q3 2025 in Review

320 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q3 2025, worth a combined $1.29B — up 14% from $1.13B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new BITB positions and 15 closed out — a net gain of 33 holders — while 142 added to existing stakes and 64 trimmed.

The largest buyer was Jane Street, adding an estimated $60M. The largest seller was Schonfeld Strategic Advisors, cutting an estimated $71.9M.

  • 320 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q3 2025, up from 293 in Q2 2025.
  • Funds reported $1.29B of Bitwise Bitcoin ETF stock for Q3 2025, up 14% quarter-over-quarter.
  • 48 funds opened new Bitwise Bitcoin ETF positions in Q3 2025 and 15 closed out, a net change of +33 holders.
  • The largest Bitwise Bitcoin ETF buyer in Q3 2025 was Jane Street, an estimated $60M added.
  • The largest Bitwise Bitcoin ETF seller in Q3 2025 was Schonfeld Strategic Advisors, an estimated $71.9M sold.

Based on aggregated 13F filings for Q3 2025.