Bitwise Bitcoin ETF
BITB
301 hedge funds and large institutions have $768M invested in Bitwise Bitcoin ETF in 2026 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 149 increasing their positions, 58 reducing their positions, and 54 closing their positions.
316% more call options, than puts
Call options by funds: $20.9M | Put options by funds: $5.01M
157% more repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 58
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
1.77% less ownership
Funds ownership: 31.22% → 29.44% (-1.8%)
5% less funds holding
Funds holding: 316 → 301 (-15)
20% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 54
27% less capital invested
Capital invested by funds: $1.05B → $768M (-$280M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSA
Schonfeld Strategic Advisors
New York
|
+$48.9M |
| 2 |
Morgan Stanley
New York
|
+$18.8M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$11.9M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
+$9.18M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$8.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$109M |
| 2 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$22.8M |
| 3 |
Jane Street
New York
|
-$18.1M |
| 4 |
SC
Sculptor Capital
New York
|
-$15.3M |
| 5 |
JSW
Journey Strategic Wealth
Summit,
New Jersey
|
-$14.2M |
BITB Hedge Fund Activity: Q1 2026 in Review
301 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin ETF (BITB) for Q1 2026, worth a combined $768M — down 27% from $1.05B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of BITB and 43 opened new positions — a net loss of 11 holders — while 58 trimmed existing stakes and 149 added.
The largest buyer was Schonfeld Strategic Advisors, adding an estimated $48.9M. The largest seller was Millennium Management, cutting an estimated $109M.
- 301 institutional investors held Bitwise Bitcoin ETF (BITB) as of Q1 2026, down from 316 in Q4 2025.
- Funds reported $768M of Bitwise Bitcoin ETF stock for Q1 2026, down 27% quarter-over-quarter.
- 43 funds opened new Bitwise Bitcoin ETF positions in Q1 2026 and 54 closed out, a net change of -11 holders.
- The largest Bitwise Bitcoin ETF buyer in Q1 2026 was Schonfeld Strategic Advisors, an estimated $48.9M added.
- The largest Bitwise Bitcoin ETF seller in Q1 2026 was Millennium Management, an estimated $109M sold.
Based on aggregated 13F filings for Q1 2026.