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Bitwise Crypto Industry Innovators ETF
BITQ

98 hedge funds and large institutions have $189M invested in Bitwise Crypto Industry Innovators ETF in 2025 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 32 increasing their positions, 16 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more capital invested

Capital invested by funds: $73.8M → $189M (+$115M)

100% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 14

100% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 16

17% more funds holding

Funds holding: 84 → 98 (+14)

9.88% more ownership

Funds ownership: 31.3% → 41.18% (+9.9%)

91% less call options, than puts

Call options by funds: $820K | Put options by funds: $8.71M

Holders
98
Holders Change
+14
Holders Change %
+16.67%
% of All Funds
1.29%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
28
Increased
32
Reduced
16
Closed
14
Calls
$820K
Puts
$8.71M
Net Calls
-$7.89M
Net Calls Change
-$2.8M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$67.4M
2
Stifel Financial
Stifel Financial
Missouri
+$3.47M
3
Citadel Advisors
Citadel Advisors
Florida
+$2.47M
4
LI
LRI Investments
Florida
+$2.26M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.83M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.6M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.05M
3
JP Morgan Chase
JP Morgan Chase
New York
-$438K
4
AI
Atria Investments
North Carolina
-$372K
5
HighTower Advisors
HighTower Advisors
Illinois
-$322K
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
26
D.E. Shaw & Co
New York
$1.02M +$553K +26,101 +177%
WFA
27
Wellspring Financial Advisors
Ohio
$787K – – –
AF
28
Advisornet Financial
Minnesota
$783K -$68.9K -3,252 -9%
MA
29
MCF Advisors
Kentucky
$645K – – –
MCC
30
Money Concepts Capital
Florida
$645K +$545K +25,708 New
Betterment LLC
31
Betterment LLC
New York
$629K +$35.9K +1,695 +7%
RIL
32
Rothschild Investment LLC
Illinois
$608K – – –
AFP
33
Ausdal Financial Partners
Iowa
$603K +$35.5K +1,676 +7%
OC
34
Optima Capital
Oregon
$590K +$499K +23,532 New
BOPW
35
Brandywine Oak Private Wealth
Pennsylvania
$585K – – –
EFS
36
Essex Financial Services
Connecticut
$568K -$11.9K -560 -2%
BRWA
37
B. Riley Wealth Advisors
Florida
$564K +$14.4K +681 +3%
CCA
38
Conservest Capital Advisors
Pennsylvania
$534K +$451K +21,296 New
AWA
39
Arete Wealth Advisors
Illinois
$525K – – –
KP
40
Keel Point
Alabama
$479K +$405K +19,104 New
AR
41
Apeiron RIA
Texas
$410K -$6.11K -288 -2%
Rockefeller Capital Management
42
Rockefeller Capital Management
New York
$383K +$324K +15,291 New
CA
43
Claro Advisors
Massachusetts
$375K -$4.01K -189 -1%
OMC
44
Old Mission Capital
Illinois
$369K +$45.3K +2,139 +17%
OPWM
45
Oxinas Partners Wealth Management
Indiana
$364K – – –
PAG
46
Private Advisor Group
New Jersey
$308K +$261K +12,296 New
WWA
47
WCG Wealth Advisors
Nevada
$287K +$242K +11,435 New
BWP
48
Balboa Wealth Partners
Arizona
$275K – – –
PFS
49
Prospera Financial Services
Texas
$248K +$209K +9,880 New
WRPWM
50
Werba Rubin Papier Wealth Management
California
$238K +$201K +9,501 New
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BITQ Hedge Fund Activity: Q3 2025 in Review

98 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Bitwise Crypto Industry Innovators ETF (BITQ) for Q3 2025, worth a combined $189M — up 156% from $73.8M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new BITQ positions and 14 closed out — a net gain of 14 holders — while 32 added to existing stakes and 16 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $67.4M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $3.6M sold.

  • 98 institutional investors held Bitwise Crypto Industry Innovators ETF (BITQ) as of Q3 2025, up from 84 in Q2 2025.
  • Funds reported $189M of Bitwise Crypto Industry Innovators ETF stock for Q3 2025, up 156% quarter-over-quarter.
  • 28 funds opened new Bitwise Crypto Industry Innovators ETF positions in Q3 2025 and 14 closed out, a net change of +14 holders.
  • The largest Bitwise Crypto Industry Innovators ETF buyer in Q3 2025 was Morgan Stanley, an estimated $67.4M added.
  • The largest Bitwise Crypto Industry Innovators ETF seller in Q3 2025 was Envestnet Asset Management, an estimated $3.6M sold.

Based on aggregated 13F filings for Q3 2025.