Bitwise Bitcoin ETF
BITB
155 hedge funds and large institutions have $594M invested in Bitwise Bitcoin ETF in 2024 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 66 increasing their positions, 25 reducing their positions, and 13 closing their positions.
164% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 25
131% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 13
23% more capital invested
Capital invested by funds: $483M → $594M (+$111M)
8% more funds holding
Funds holding: 143 → 155 (+12)
2.2% more ownership
Funds ownership: 21.54% → 23.74% (+2.2%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$62.8M |
| 2 |
Millennium Management
New York
|
+$32.4M |
| 3 |
Goldman Sachs
New York
|
+$13.2M |
| 4 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$8.98M |
| 5 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$8.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
-$29.3M |
| 2 |
EC
Elequin Capital
New York
|
-$21.7M |
| 3 |
HHGC
Hunting Hill Global Capital
New York
|
-$18.3M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
-$3.11M |
| 5 |
Jane Street
New York
|
-$2.34M |
BITB Hedge Fund Activity: Q3 2024 in Review
155 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q3 2024, worth a combined $594M — up 23% from $483M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BITB positions and 13 closed out — a net gain of 17 holders — while 66 added to existing stakes and 25 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $62.8M. The largest seller was Boothbay Fund Management, cutting an estimated $29.3M.
- 155 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q3 2024, up from 143 in Q2 2024.
- Funds reported $594M of Bitwise Bitcoin ETF stock for Q3 2024, up 23% quarter-over-quarter.
- 30 funds opened new Bitwise Bitcoin ETF positions in Q3 2024 and 13 closed out, a net change of +17 holders.
- The largest Bitwise Bitcoin ETF buyer in Q3 2024 was Susquehanna International Group, an estimated $62.8M added.
- The largest Bitwise Bitcoin ETF seller in Q3 2024 was Boothbay Fund Management, an estimated $29.3M sold.
Based on aggregated 13F filings for Q3 2024.