We are live on ! Find out more
BITB icon

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
MAS
301
MPWM Advisory Solutions
Georgia
$5.66K – – –
CTC
302
Central Trust Company
Missouri
$4.98K – – –
Northwestern Mutual Wealth Management
303
Northwestern Mutual Wealth Management
Wisconsin
$4.79K – – –
BI
304
Binnacle Investments
Iowa
$3.98K +$3.99K +64 New
RA
305
Rise Advisors
New York
$3.11K – – –
SRCM
306
Signature Resources Capital Management
California
$3.11K – – –
HFS
307
Hantz Financial Services
Michigan
$2K -$8.41K -135 -84%
CI
308
CX Institutional
Indiana
$2K +$1.87K +30 New
BWL
309
Bogart Wealth LLC
Virginia
$1.99K – – –
BTI
310
Blue Trust Inc
Georgia
$1.74K – – –
ME
311
McIlrath & Eck
Washington
$1.56K – – –
TRCT
312
Tower Research Capital (TRC)
New York
$1.49K +$1.5K +24 New
RDFA
313
Ritter Daniher Financial Advisory
Ohio
$1.25K – – –
NB
314
NBT Bank
New York
$1.24K +$2.62K +42 +210%
AFG
315
Albion Financial Group
Utah
$996 – – –
LWA
316
Lowe Wealth Advisors
Maryland
$996 – – –
NA
317
NewEdge Advisors
Louisiana
$248 – – –
Jones Financial Companies
318
Jones Financial Companies
Missouri
$237 +$249 +4 New
Morgan Stanley
319
Morgan Stanley
New York
$86 – – –
SAM
320
Silvercrest Asset Management
New York
– -$3M -51,249 Closed
DS
321
DRW Securities
Illinois
– -$2.38M -40,776 Closed
TWG
322
The Wealth Group
Minnesota
– -$1.1M -18,758 Closed
KNW
323
Kesler Norman & Wride
Utah
– -$1.08M -18,363 Closed
RIA
324
Realta Investment Advisors
Delaware
– -$555K -9,478 Closed
JIC
325
Johnson Investment Counsel
Ohio
– -$324K -5,522 Closed
10 11 12
13
14

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.