Bitwise Bitcoin ETF
BITB
143 hedge funds and large institutions have $483M invested in Bitwise Bitcoin ETF in 2024 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 56 increasing their positions, 14 reducing their positions, and 11 closing their positions.
355% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 11
300% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 14
36% more funds holding
Funds holding: 105 → 143 (+38)
12% more capital invested
Capital invested by funds: $432M → $483M (+$51.6M)
1.58% more ownership
Funds ownership: 19.96% → 21.54% (+1.6%)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$47.8M |
| 2 |
Millennium Management
New York
|
+$29.4M |
| 3 |
HHGC
Hunting Hill Global Capital
New York
|
+$20M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$18.2M |
| 5 |
Goldman Sachs
New York
|
+$9.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$33.6M |
| 2 |
EC
Elequin Capital
New York
|
-$13.1M |
| 3 |
SW
SVB Wealth
Boston,
Massachusetts
|
-$3.79M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.4M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
4WM
151
49 Wealth Management
Austin,
Texas
| – | -$257K | -6,759 | Closed |
|
152
JP Morgan Chase
New York
| – | -$253K | -6,530 | Closed |
|
|
GFP
153
Gryphon Financial Partners
Columbus,
Ohio
| – | -$232K | -6,003 | Closed |
|
154
Corient Private Wealth
Miami,
Florida
| – | -$217K | -5,598 | Closed |
|
|
SAF
155
Smith Anglin Financial
Dallas,
Texas
| – | -$209K | -5,402 | Closed |
|
BITB Hedge Fund Activity: Q2 2024 in Review
143 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q2 2024, worth a combined $483M — up 12% from $432M a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new BITB positions and 11 closed out — a net gain of 39 holders — while 56 added to existing stakes and 14 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $47.8M. The largest seller was Jane Street, cutting an estimated $33.6M.
- 143 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q2 2024, up from 105 in Q1 2024.
- Funds reported $483M of Bitwise Bitcoin ETF stock for Q2 2024, up 12% quarter-over-quarter.
- 50 funds opened new Bitwise Bitcoin ETF positions in Q2 2024 and 11 closed out, a net change of +39 holders.
- The largest Bitwise Bitcoin ETF buyer in Q2 2024 was Susquehanna International Group, an estimated $47.8M added.
- The largest Bitwise Bitcoin ETF seller in Q2 2024 was Jane Street, an estimated $33.6M sold.
Based on aggregated 13F filings for Q2 2024.