Bitwise Bitcoin ETF
BITB
293 hedge funds and large institutions have $1.13B invested in Bitwise Bitcoin ETF in 2025 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 120 increasing their positions, 53 reducing their positions, and 17 closing their positions.
271% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 17
128% more call options, than puts
Call options by funds: $32.6M | Put options by funds: $14.3M
126% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 53
56% more capital invested
Capital invested by funds: $722M → $1.13B (+$404M)
56% more funds holding in top 10
Funds holding in top 10: 9 → 14 (+5)
18% more funds holding
Funds holding: 249 → 293 (+44)
4.33% more ownership
Funds ownership: 22.89% → 27.22% (+4.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
ParaFi Capital
New York
|
+$105M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
+$53.6M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$27.6M |
| 4 |
HHGC
Hunting Hill Global Capital
New York
|
+$11.1M |
| 5 |
Jane Street
New York
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Pantera Capital Partners
San Francisco,
California
|
-$99.3M |
| 2 |
FCG
Fielder Capital Group
Nashville,
Tennessee
|
-$9.08M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
-$7.2M |
| 4 |
Millennium Management
New York
|
-$3.47M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$963K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCP
301
Hexagon Capital Partners
Rogers,
Arkansas
| – | -$108K | -2,397 | Closed |
|
|
FHA
302
First Horizon Advisors
Memphis,
Tennessee
| – | -$33.9K | -756 | Closed |
|
|
WPA
303
Wealth Preservation Advisors
Chattanooga,
Tennessee
| – | -$33.6K | -749 | Closed |
|
|
CA
304
Continuum Advisory
Eagle,
Idaho
| – | -$25.6K | -570 | Closed |
|
|
GG
305
Gleason Group
Prospect,
Kentucky
| – | -$22.4K | -500 | Closed |
|
|
RMP
306
Richards, Merrill & Peterson
Spokane,
Washington
| – | -$5.03K | -112 | Closed |
|
307
Fidelity Investments
Boston,
Massachusetts
| – | -$3.31K | -74 | Closed |
|
|
CCM
308
Coldstream Capital Management
Bellevue,
Washington
| – | -$3.23K | -72 | Closed |
|
|
CA
309
CoreCap Advisors
Southfield,
Michigan
| – | -$1.79K | -40 | Closed |
|
310
US Bancorp
Minneapolis,
Minnesota
| – | -$494 | -11 | Closed |
|
BITB Hedge Fund Activity: Q2 2025 in Review
293 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q2 2025, worth a combined $1.13B — up 56% from $722M a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new BITB positions and 17 closed out — a net gain of 46 holders — while 120 added to existing stakes and 53 trimmed.
The largest buyer was ParaFi Capital, opening a new position worth an estimated $105M. The largest seller was Pantera Capital Partners, cutting an estimated $99.3M.
- 293 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q2 2025, up from 249 in Q1 2025.
- Funds reported $1.13B of Bitwise Bitcoin ETF stock for Q2 2025, up 56% quarter-over-quarter.
- 63 funds opened new Bitwise Bitcoin ETF positions in Q2 2025 and 17 closed out, a net change of +46 holders.
- The largest Bitwise Bitcoin ETF buyer in Q2 2025 was ParaFi Capital, an estimated $105M added.
- The largest Bitwise Bitcoin ETF seller in Q2 2025 was Pantera Capital Partners, an estimated $99.3M sold.
Based on aggregated 13F filings for Q2 2025.