Bitwise Bitcoin ETF
BITB
316 hedge funds and large institutions have $1.05B invested in Bitwise Bitcoin ETF in 2025 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 142 increasing their positions, 69 reducing their positions, and 62 closing their positions.
229% more call options, than puts
Call options by funds: $48.4M | Put options by funds: $14.7M
106% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 69
1.62% more ownership
Funds ownership: 29.6% → 31.22% (+1.6%)
3% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 62
2% less funds holding
Funds holding: 321 → 316 (-5)
19% less capital invested
Capital invested by funds: $1.3B → $1.05B (-$253M)
21% less funds holding in top 10
Funds holding in top 10: 14 → 11 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$34.1M |
| 2 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$17.6M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
+$17.2M |
| 4 |
JSW
Journey Strategic Wealth
Summit,
New Jersey
|
+$16.3M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$39.5M |
| 2 |
PCP
Pantera Capital Partners
San Francisco,
California
|
-$28.6M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$26.2M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$15.6M |
| 5 |
HHGC
Hunting Hill Global Capital
New York
|
-$14.4M |
BITB Hedge Fund Activity: Q4 2025 in Review
316 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q4 2025, worth a combined $1.05B — down 19% from $1.3B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of BITB and 60 opened new positions — a net loss of 2 holders — while 69 trimmed existing stakes and 142 added.
The largest buyer was Wells Fargo, adding an estimated $34.1M. The largest seller was Jane Street, cutting an estimated $39.5M.
- 316 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q4 2025, down from 321 in Q3 2025.
- Funds reported $1.05B of Bitwise Bitcoin ETF stock for Q4 2025, down 19% quarter-over-quarter.
- 60 funds opened new Bitwise Bitcoin ETF positions in Q4 2025 and 62 closed out, a net change of -2 holders.
- The largest Bitwise Bitcoin ETF buyer in Q4 2025 was Wells Fargo, an estimated $34.1M added.
- The largest Bitwise Bitcoin ETF seller in Q4 2025 was Jane Street, an estimated $39.5M sold.
Based on aggregated 13F filings for Q4 2025.