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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
CFP
76
Comprehensive Financial Planning
Pennsylvania
$25.1K – – –
Comerica Bank
77
Comerica Bank
Texas
$24.9K +$21.1K +995 New
GEA
78
Glen Eagle Advisors
New Jersey
$23.6K – – –
Simplex Trading
79
Simplex Trading
Illinois
$22K +$11.2K +529 +149%
CJ
80
Caitlin John
Michigan
$20.6K +$17.4K +820 New
ADL
81
Asset Dedication LLC
California
$19K – – –
Wells Fargo
82
Wells Fargo
California
$12.6K +$10.6K +500 +50,000%
MCM
83
MAI Capital Management
Ohio
$12.5K – – –
NL
84
NVWM LLC
Pennsylvania
$12.5K +$8.48K +400 +400%
FGAM
85
Financial Gravity Asset Management
Texas
$12.5K +$10.6K +500 New
BCMIO
86
Beacon Capital Management Inc (Ohio)
Ohio
$11K +$9.26K +437 New
GWM
87
Geneos Wealth Management
Colorado
$8.42K +$7.12K +336 New
FDCDDQ
88
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.8K +$636 +30 +12%
TCM
89
Tradewinds Capital Management
Washington
$5.01K – – –
Fidelity Investments
90
Fidelity Investments
Massachusetts
$3.38K -$1.06K -50 -27%
AA
91
Ancora Advisors
Ohio
$2.93K +$1.08K +51 +77%
AP
92
Aspect Partners
Virginia
$2.13K +$1.17K +55 +183%
S
93
SignatureFD
Georgia
$2.11K – – –
Northwestern Mutual Wealth Management
94
Northwestern Mutual Wealth Management
Wisconsin
$2.11K +$1.78K +84 New
AAS
95
Ameritas Advisory Services
Nebraska
$2.06K – – –
SWM
96
Spire Wealth Management
Virginia
$928 +$784 +37 New
TFM
97
TFC Financial Management
Massachusetts
$201 – – –
SPIA
98
Steward Partners Investment Advisory
New York
$50 +$42 +2 New
Envestnet Asset Management
99
Envestnet Asset Management
Illinois
– -$3.6M -182,733 Closed
HighTower Advisors
100
HighTower Advisors
Illinois
– -$322K -16,326 Closed
1 2 3
4
5

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.