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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
BTD
451
BankPlus Trust Department
Mississippi
$275K – – –
PCM
452
Pennsylvania Capital Management
Pennsylvania
$275K – – –
QCM
453
Quantinno Capital Management
New York
$269K +$247K +2,865 New
WDG
454
Wealth Dimensions Group
Ohio
$269K +$246K +2,857 New
FP
455
Financial Perspectives
Minnesota
$268K – – –
SAS
456
SMI Advisory Services
Indiana
$268K -$113K -1,308 -34%
SWA
457
Strategies Wealth Advisors
Michigan
$264K – – –
MT
458
Midwest Trust
Kansas
$261K +$239K +2,781 New
HWM
459
HB Wealth Management
Georgia
$260K +$238K +2,764 New
ABLA
460
Alan B. Lancz & Associates
Ohio
$258K +$237K +2,750 New
VWA
461
Visionary Wealth Advisors
Illinois
$258K +$236K +2,744 New
SAF
462
Smith Anglin Financial
Texas
$255K +$233K +2,708 New
CAM
463
Cobblestone Asset Management
Virginia
$254K +$233K +2,704 New
Koshinski Asset Management
464
Koshinski Asset Management
Illinois
$253K +$232K +2,694 New
Financial Engines Advisors
465
Financial Engines Advisors
California
$251K +$230K +2,675 New
CAM
466
Covenant Asset Management
New Jersey
$247K +$226K +2,628 New
MSFS
467
Main Street Financial Solutions
Pennsylvania
$246K +$225K +2,612 New
BWM
468
Buckley Wealth Management
Nevada
$245K +$225K +2,610 New
EWM
469
EPG Wealth Management
Georgia
$242K +$222K +2,580 New
CA
470
Centerpoint Advisors
Massachusetts
$242K -$602 -7 -0.3%
RCM
471
Regency Capital Management
Hawaii
$241K +$220K +2,560 New
OFG
472
Omega Financial Group
California
$241K +$220K +2,559 New
MIM
473
MTM Investment Management
South Carolina
$241K -$45.2K -525 -17%
CCM
474
Cutler Capital Management
Massachusetts
$240K +$220K +2,555 New
LWM
475
LongView Wealth Management
Georgia
$240K +$220K +2,555 New
17 18
19
20 21

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.