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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
LWAM
26
Legacy Wealth Asset Management
Minnesota
$28.7M -$210K -2,437 -0.8%
OCM
27
Ovata Capital Management
Hong Kong
$27.7M +$25.4M +295,558 New
IMC Chicago
28
IMC Chicago
Illinois
$25.5M +$23.4M +271,720 New
VHAM
29
Van Hulzen Asset Management
California
$24.4M -$193K -2,237 -0.9%
KC
30
Kaleidoscope Capital
Massachusetts
$24.1M +$9.94M +115,498 +82%
DAS
31
Diversify Advisory Services
Utah
$22.3M +$18.4M +213,854 New
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$22.2M +$1.66M +19,240 +9%
TI
33
Tidal Investments
Wisconsin
$20.4M +$3.06M +35,541 +20%
AWP
34
Atlas Wealth Partners
Pennsylvania
$19.3M -$429K -4,989 -2%
LCM
35
Landscape Capital Management
New Jersey
$18.4M -$1.42M -16,522 -8%
SMCM
36
Sky-Mountain Capital Management
Idaho
$18.2M +$879K +10,211 +6%
CIA
37
Compass Ion Advisors
Pennsylvania
$17.7M +$291K +3,383 +2%
KAS
38
Kestra Advisory Services
Texas
$15.8M -$1.42M -16,490 -9%
GF
39
Gimbal Financial
Indiana
$15.7M +$14.3M +166,525 New
CCM
40
Courage Capital Management
Tennessee
$14.6M +$6.39M +74,294 +91%
CPRC
41
Consolidated Portfolio Review Corp
New York
$14.1M +$826K +9,596 +7%
PPW
42
Parcion Private Wealth
Washington
$13.5M +$484K +5,624 +4%
BlackRock
43
BlackRock
New York
$12.8M +$5.59M +64,973 +92%
Cetera Investment Advisers
44
Cetera Investment Advisers
Illinois
$12.7M +$275K +3,191 +2%
HHGC
45
Hunting Hill Global Capital
New York
$12.2M +$11.1M +129,326 New
LJAC
46
L.J. Altfest & Co
New York
$11.8M +$5.26M +61,132 +95%
Creative Planning
47
Creative Planning
Kansas
$11.6M +$359K +4,176 +3%
Citadel Advisors
48
Citadel Advisors
Florida
$11.4M +$861K +10,002 +9%
SG
49
StoneX Group
New York
$11.3M -$333K -3,869 -3%
NM
50
Newtyn Management
New York
$11.3M – – –
1
2
3 4 5

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.