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Bitwise Bitcoin ETF

249 hedge funds and large institutions have $722M invested in Bitwise Bitcoin ETF in 2025 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 101 increasing their positions, 50 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $21M | Put options by funds: $6.76M

102% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 50

65% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 31

6% more funds holding

Funds holding: 234249 (+15)

9.3% less ownership

Funds ownership: 32.19%22.89% (-9.3%)

40% less funds holding in top 10

Funds holding in top 10: 159 (-6)

41% less capital invested

Capital invested by funds: $1.22B → $722M (-$496M)

Holders
249
Holders Change
+15
Holders Change %
+6.41%
% of All Funds
3.34%
Holding in Top 10
9
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-40%
% of All Funds
0.12%
New
51
Increased
101
Reduced
50
Closed
31
Calls
$21M
Puts
$6.76M
Net Calls
+$14.2M
Net Calls Change
-$1.18M
Name Holding Trade Value Shares
Change
Change in
Stake
Millennium Management
1
Millennium Management
New York
$161M -$7.47M -147,294 -4%
PCP
2
Pantera Capital Partners
California
$139M -$83.1M -1,640,000 -35%
SSA
3
Schonfeld Strategic Advisors
New York
$42.4M +$1.49M +29,472 +3%
BHWM
4
Beaird Harris Wealth Management
Texas
$24M +$9.42M +185,930 +53%
PNC Financial Services Group
5
PNC Financial Services Group
Pennsylvania
$20.4M +$7.47M +147,304 +48%
FCG
6
Fielder Capital Group
Tennessee
$16.8M -$64.3K -1,269 -0.3%
SC
7
Sculptor Capital
New York
$16.5M +$18.6M +367,374 New
PRA
8
Pine Ridge Advisers
New York
$15.1M
HI
9
HBK Investments
Texas
$11.7M -$30.9M -608,784 -70%
KC
10
Kaleidoscope Capital
Massachusetts
$10.2M +$6.28M +123,965 +120%
TIA
11
Traphagen Investment Advisors
New Jersey
$9.96M +$3.15M +62,073 +39%
Carson Wealth (CWM LLC)
12
Carson Wealth (CWM LLC)
Nebraska
$8.67M +$2.6M +51,397 +36%
BCI
13
Brinker Capital Investments
Pennsylvania
$8.62M -$476K -9,396 -5%
OPS
14
Orion Portfolio Solutions
Nebraska
$8.62M -$476K -9,396 -5%
RWM
15
Refined Wealth Management
Utah
$8M +$2.17M +42,904 +32%
RFWA
16
RPg Family Wealth Advisory
Massachusetts
$8M -$2.9M -57,279 -24%
TI
17
Tidal Investments
Wisconsin
$7.91M -$1.77M -34,883 -17%
DS
18
DRW Securities
Illinois
$7.85M +$8.87M +174,987 New
MFG
19
Magnus Financial Group
New York
$7.73M +$8.73M +172,152 New
CCFM
20
Clear Creek Financial Management
Washington
$7M -$330K -6,508 -4%
AWA
21
Artemis Wealth Advisors
New York
$6.73M
Envestnet Asset Management
22
Envestnet Asset Management
Illinois
$6.05M +$4.45M +87,890 +187%
Wealth Enhancement Advisory Services
23
Wealth Enhancement Advisory Services
Minnesota
$4.66M -$428K -8,441 -8%
VWA
24
Visionary Wealth Advisors
Illinois
$4.64M +$213K +4,206 +4%
CA
25
Crumly & Associates
Illinois
$4.59M +$5.18M +102,300 New