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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
FPW
476
Fairvoy Private Wealth
Alabama
$239K +$219K +2,545 New
PMFA
477
Plante Moran Financial Advisors
Michigan
$237K +$40.3K +468 +23%
OWA
478
Opal Wealth Advisors
New York
$235K – – –
NFP
479
Narus Financial Partners
Utah
$235K +$215K +2,500 New
HR
480
Howe & Rusling
New York
$234K -$33.6K -390 -14%
DWM
481
Dakota Wealth Management
Florida
$232K +$213K +2,470 New
NAS
482
Nicolet Advisory Services
Wisconsin
$232K +$202K +2,350 New
MWM
483
Maripau Wealth Management
Indiana
$231K +$211K +2,453 New
PTP
484
Platform Technology Partners
New York
$230K +$210K +2,443 New
TA
485
TFB Advisors
Kansas
$227K -$34.4K -400 -14%
DAS
486
Dynamic Advisor Solutions
Arizona
$227K +$208K +2,418 New
SB
487
Strategic Blueprint
Georgia
$226K +$207K +2,403 New
BLC
488
Brown, Lisle/Cummings
Rhode Island
$225K -$3.87K -45 -2%
SPA
489
Sentinel Pension Advisors
Massachusetts
$224K +$205K +2,379 New
SA
490
Strategic Advocates
Utah
$223K +$204K +2,375 New
AWM
491
Austin Wealth Management
Texas
$222K +$188K +2,182 New
PWP
492
Prasad Wealth Partners
Ohio
$222K +$203K +2,363 New
CCM
493
Coldstream Capital Management
Washington
$222K – – –
HA
494
Helium Advisors
Washington
$222K +$203K +2,360 New
LWL
495
Leo Wealth LLC
Texas
$220K +$201K +2,341 New
WA
496
WBH Advisory
Maryland
$220K +$201K +2,340 New
TC
497
Truvestments Capital
Florida
$219K +$148K +1,724 +283%
HCM
498
Hengehold Capital Management
Ohio
$217K +$199K +2,311 New
KWS
499
Keystone Wealth Services
California
$217K +$199K +2,311 New
CGA
500
Crescent Grove Advisors
Illinois
$216K +$198K +2,300 New
18 19
20
21 22

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.