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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$60M |
| 2 |
EC
Elequin Capital
New York
|
+$22.2M |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$20.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$12.1M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSA
Schonfeld Strategic Advisors
New York
|
-$71.9M |
| 2 |
PCP
Pantera Capital Partners
San Francisco,
California
|
-$48.6M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$9.05M |
| 4 |
Renaissance Technologies
New York
|
-$6M |
| 5 |
JP Morgan Chase
New York
|
-$3.07M |
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.