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Fidelity Wise Origin Bitcoin Fund
FBTC

682 hedge funds and large institutions have $4.44B invested in Fidelity Wise Origin Bitcoin Fund in 2025 Q3 according to their latest regulatory filings, with 102 funds opening new positions, 341 increasing their positions, 115 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 30

197% more repeat investments, than reductions

Existing positions increased: 341 | Existing positions reduced: 115

10% more funds holding

Funds holding: 620 → 682 (+62)

4% more funds holding in top 10

Funds holding in top 10: 45 → 47 (+2)

3.4% less ownership

Funds ownership: 32.78% → 29.38% (-3.4%)

5% less capital invested

Capital invested by funds: $4.67B → $4.44B (-$236M)

36% less call options, than puts

Call options by funds: $375M | Put options by funds: $582M

Holders
682
Holders Change
+62
Holders Change %
+10%
% of All Funds
8.95%
Holding in Top 10
47
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+4.44%
% of All Funds
0.62%
New
102
Increased
341
Reduced
115
Closed
30
Calls
$375M
Puts
$582M
Net Calls
-$207M
Net Calls Change
-$104M

Top Buyers

1
CM
Capula Management
Cayman Islands
+$61.5M
2
Millennium Management
Millennium Management
New York
+$41.4M
3
IMC Chicago
IMC Chicago
Illinois
+$28.3M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$24.7M
5
GPC
Guardian Point Capital
Virginia
+$20M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$367M
2
SSA
Schonfeld Strategic Advisors
New York
-$247M
3
Jane Street
Jane Street
New York
-$194M
4
HI
HBK Investments
Texas
-$44.9M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$29.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
DI
326
Diligent Investors
California
$658K -$9.99K -100 -1%
STA
327
Summit Trail Advisors
New York
$656K +$699 +7 +0.1%
SS
328
Sunbelt Securities
Texas
$652K -$511K -5,117 -44%
WT
329
Whittier Trust
California
$643K – – –
VPF
330
Vantage Point Financial
Illinois
$643K +$78K +781 +14%
WE
331
Wealth Effects
Massachusetts
$640K +$150K +1,500 +31%
CTC
332
Central Trust Company
Missouri
$631K +$48.2K +482 +8%
WRPWM
333
Werba Rubin Papier Wealth Management
California
$630K – – –
ADL
334
Asset Dedication LLC
California
$621K +$409K +4,093 +192%
MC
335
Moors & Cabot
Massachusetts
$621K – – –
CAG
336
Crestwood Advisors Group
Massachusetts
$620K +$243K +2,434 +64%
VC
337
Vicus Capital
Pennsylvania
$611K +$77K +771 +14%
AF
338
Allworth Financial
California
$610K -$363K -3,634 -37%
SC
339
Savant Capital
Illinois
$610K +$150K +1,506 +33%
WA
340
Wealth Alliance
New York
$608K +$46.6K +466 +8%
CA
341
Claro Advisors
Massachusetts
$601K +$183K +1,834 +44%
Brown Advisory
342
Brown Advisory
Maryland
$599K -$612K -6,121 -50%
PC
343
Panoramic Capital
California
$599K +$599K +6,000 New
IFG
344
Independent Financial Group
California
$594K +$30.1K +301 +5%
MOS
345
MGO One Seven
Ohio
$592K +$9.09K +91 +2%
PWM
346
Perigon Wealth Management
California
$591K +$133K +1,332 +29%
GWM
347
Gitterman Wealth Management
New Jersey
$585K +$135K +1,354 +30%
HH
348
Hilltop Holdings
Texas
$584K +$245K +2,453 +72%
UBP
349
Union Bancaire Privee
Switzerland
$584K +$768K +7,690 New
SWP
350
Strategic Wealth Partners
Ohio
$579K – – –
12 13
14
15 16

FBTC Hedge Fund Activity: Q3 2025 in Review

682 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Fidelity Wise Origin Bitcoin Fund (FBTC) for Q3 2025, worth a combined $4.44B — down 5% from $4.67B a quarter earlier.

Buyers outnumbered sellers: 102 funds opened new FBTC positions and 30 closed out — a net gain of 72 holders — while 341 added to existing stakes and 115 trimmed.

The largest buyer was Capula Management, adding an estimated $61.5M. The largest seller was Goldman Sachs, cutting an estimated $367M.

  • 682 institutional investors held Fidelity Wise Origin Bitcoin Fund (FBTC) as of Q3 2025, up from 620 in Q2 2025.
  • Funds reported $4.44B of Fidelity Wise Origin Bitcoin Fund stock for Q3 2025, down 5% quarter-over-quarter.
  • 102 funds opened new Fidelity Wise Origin Bitcoin Fund positions in Q3 2025 and 30 closed out, a net change of +72 holders.
  • The largest Fidelity Wise Origin Bitcoin Fund buyer in Q3 2025 was Capula Management, an estimated $61.5M added.
  • The largest Fidelity Wise Origin Bitcoin Fund seller in Q3 2025 was Goldman Sachs, an estimated $367M sold.

Based on aggregated 13F filings for Q3 2025.