Bitwise Bitcoin and Ether Equal Weight Strategy ETF
BTOP
BTOP was delisted on the 21st of May, 2026.
3 hedge funds and large institutions have $2.3M invested in Bitwise Bitcoin and Ether Equal Weight Strategy ETF in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 1 closing their positions.
207% more capital invested
Capital invested by funds: $748K → $2.3M (+$1.55M)
20.38% more ownership
Funds ownership: 16.47% → 36.85% (+20%)
0% more funds holding
Funds holding: 3 → 3 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NWM
Napa Wealth Management
Napa,
California
|
+$1.28M |
| 2 |
Jane Street
New York
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NWM
Nova Wealth Management
Bonita Springs,
Florida
|
-$1.42K |
BTOP Hedge Fund Activity: Q3 2025 in Review
3 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) for Q3 2025, worth a combined $2.3M — up 207% from $748K a quarter earlier.
Fund positioning in BTOP was balanced in Q3 2025: 1 fund opened new positions, 1 closed out, 1 added to existing stakes and 0 trimmed.
The largest buyer was Napa Wealth Management, opening a new position worth an estimated $1.28M. The largest seller was Nova Wealth Management, exiting entirely with an estimated $1.42K sold.
- 3 institutional investors held Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $2.3M of Bitwise Bitcoin and Ether Equal Weight Strategy ETF stock for Q3 2025, up 207% quarter-over-quarter.
- 1 fund opened new Bitwise Bitcoin and Ether Equal Weight Strategy ETF positions in Q3 2025 and 1 closed out, a net change of 0 holders.
- The largest Bitwise Bitcoin and Ether Equal Weight Strategy ETF buyer in Q3 2025 was Napa Wealth Management, an estimated $1.28M added.
- The largest Bitwise Bitcoin and Ether Equal Weight Strategy ETF seller in Q3 2025 was Nova Wealth Management, an estimated $1.42K sold.
Based on aggregated 13F filings for Q3 2025.