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Fidelity Wise Origin Bitcoin Fund
FBTC

620 hedge funds and large institutions have $4.67B invested in Fidelity Wise Origin Bitcoin Fund in 2025 Q2 according to their latest regulatory filings, with 125 funds opening new positions, 274 increasing their positions, 124 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

317% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 30

121% more repeat investments, than reductions

Existing positions increased: 274 | Existing positions reduced: 124

41% more funds holding in top 10

Funds holding in top 10: 32 → 45 (+13)

32% more capital invested

Capital invested by funds: $3.54B → $4.67B (+$1.14B)

17% more funds holding

Funds holding: 530 → 620 (+90)

10.87% more ownership

Funds ownership: 21.91% → 32.78% (+11%)

30% less call options, than puts

Call options by funds: $243M | Put options by funds: $346M

Holders
620
Holders Change
+90
Holders Change %
+16.98%
% of All Funds
8.16%
Holding in Top 10
45
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+40.63%
% of All Funds
0.59%
New
125
Increased
274
Reduced
124
Closed
30
Calls
$243M
Puts
$346M
Net Calls
-$103M
Net Calls Change
-$162M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$162M
2
CF
Cantor Fitzgerald
New York
+$111M
3
PC
ParaFi Capital
New York
+$43.5M
4
SSA
Schonfeld Strategic Advisors
New York
+$40.5M
5
EC
Elequin Capital
New York
+$33.6M

Top Sellers

Rank Fund Capital Flow
1
CM
Capula Management
Cayman Islands
-$241M
2
Jane Street
Jane Street
New York
-$212M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$164M
4
WAM
Wolverine Asset Management
Illinois
-$11.6M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$9.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
AP
426
Appleton Partners
Massachusetts
$303K +$34.6K +402 +14%
NA
427
Navellier & Associates
Nevada
$302K – – –
SFO
428
Stokes Family Office
Louisiana
$300K +$275K +3,194 New
VCA
429
Verdence Capital Advisors
Maryland
$299K +$274K +3,183 New
BFIM
430
Beese Fulmer Investment Management
Ohio
$299K +$274K +3,180 New
GFP
431
Gryphon Financial Partners
Ohio
$296K +$271K +3,154 New
AWS
432
Arkfeld Wealth Strategies
Nebraska
$294K +$269K +3,120 New
BF
433
Brogan Financial
Tennessee
$293K +$6.28K +73 +2%
YIA
434
YHB Investment Advisors
Connecticut
$292K +$268K +3,111 New
CMI
435
Clare Market Investments
Texas
$292K -$39.2K -455 -13%
FCP
436
Fidelis Capital Partners
Florida
$292K +$250K +2,905 New
AWC
437
Adamsbrown Wealth Consultants
Kansas
$292K +$267K +3,106 New
LFA
438
Legacy Financial Advisors
Kentucky
$292K +$267K +3,105 New
CG
439
CFO4Life Group
Texas
$291K +$267K +3,099 New
GT
440
Greenleaf Trust
Michigan
$291K +$266K +3,093 New
ILI
441
Invesco LLC (Illinois)
Illinois
$290K +$265K +3,083 New
SW
442
SlateStone Wealth
Florida
$288K +$264K +3,068 New
KCAM
443
Kagan Cocozza Asset Management
New Jersey
$288K – – –
SMAM
444
Sugar Maple Asset Management
Wisconsin
$287K +$262K +3,049 New
SFS
445
Stiles Financial Services
Minnesota
$285K +$261K +3,034 New
CW
446
CreativeOne Wealth
Kansas
$284K -$507K -5,892 -66%
HGA
447
Hobbs Group Advisors
South Carolina
$282K -$344 -4 -0.1%
CG
448
Clarus Group
Texas
$282K – – –
CA
449
Crane Advisory
California
$277K +$231K +2,685 New
BF
450
BOK Financial
Oklahoma
$276K – – –
16 17
18
19 20

FBTC Hedge Fund Activity: Q2 2025 in Review

620 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Fidelity Wise Origin Bitcoin Fund (FBTC) for Q2 2025, worth a combined $4.67B — up 32% from $3.54B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new FBTC positions and 30 closed out — a net gain of 95 holders — while 274 added to existing stakes and 124 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $162M. The largest seller was Capula Management, cutting an estimated $241M.

  • 620 institutional investors held Fidelity Wise Origin Bitcoin Fund (FBTC) as of Q2 2025, up from 530 in Q1 2025.
  • Funds reported $4.67B of Fidelity Wise Origin Bitcoin Fund stock for Q2 2025, up 32% quarter-over-quarter.
  • 125 funds opened new Fidelity Wise Origin Bitcoin Fund positions in Q2 2025 and 30 closed out, a net change of +95 holders.
  • The largest Fidelity Wise Origin Bitcoin Fund buyer in Q2 2025 was Goldman Sachs, an estimated $162M added.
  • The largest Fidelity Wise Origin Bitcoin Fund seller in Q2 2025 was Capula Management, an estimated $241M sold.

Based on aggregated 13F filings for Q2 2025.