Bitwise Bitcoin ETF
BITB
296 hedge funds and large institutions have $1.14B invested in Bitwise Bitcoin ETF in 2025 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 123 increasing their positions, 53 reducing their positions, and 18 closing their positions.
250% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 18
136% more capital inflows, than outflows
Capital inflows: $313M | Capital outflows: $133M
132% more repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 53
128% more call options, than puts
Call options by funds: $32.6M | Put options by funds: $14.3M
50% more funds holding in top 10
Funds holding in top 10: 10 → 15 (+5)
17% more funds holding
Funds holding: 253 → 296 (+43)
4.34% more ownership
Funds ownership: 23.19% → 27.52% (+4.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ParaFi Capital
New York
|
+$105M |
| 2 |
Schonfeld Strategic Advisors
New York
|
+$53.6M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$27.6M |
| 4 |
Hunting Hill Global Capital
New York
|
+$11.1M |
| 5 |
Jane Street
New York
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pantera Capital Partners
San Francisco,
California
|
-$99.3M |
| 2 |
Fielder Capital Group
Nashville,
Tennessee
|
-$9.08M |
| 3 |
DRW Securities
Chicago,
Illinois
|
-$7.2M |
| 4 |
Millennium Management
New York
|
-$3.47M |
| 5 |
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$963K |
BITB Hedge Fund Activity: Q2 2025 in Review
296 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q2 2025, worth a combined $1.14B — up 56% from $732M a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new BITB positions and 18 closed out — a net gain of 45 holders — while 123 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.
- 296 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q2 2025, up from 253 in Q1 2025.
- Funds reported $1.14B 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 18 closed out, a net change of +45 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.