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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
PFS
551
Prospera Financial Services
Texas
$210K +$211K +2,108 New
PI
552
PFG Investments
New York
$210K +$210K +2,106 New
RCI
553
RS Crum Inc
California
$210K +$210K +2,100 New
CWS
554
Cypress Wealth Services
California
$209K +$209K +2,095 New
NB
555
Nicolet Bankshares
Wisconsin
$207K +$207K +2,076 New
Royal Bank of Canada
556
Royal Bank of Canada
Ontario, Canada
$207K +$28.3K +283 +16%
MWM
557
Massachusetts Wealth Management
Massachusetts
$206K +$207K +2,067 New
CWP
558
Corepath Wealth Partners
Arizona
$205K +$188K +1,877 New
AWM
559
Austin Wealth Management
Texas
$205K – – –
PA
560
Pinnacle Associates
New York
$205K +$205K +2,050 New
CCA
561
Corps Capital Advisors
Texas
$205K +$205K +2,050 New
CFG
562
Cooper Financial Group
California
$204K +$204K +2,044 New
SWP
563
Stratos Wealth Partners
Ohio
$203K +$203K +2,029 New
GT
564
Greenleaf Trust
Michigan
$202K -$107K -1,073 -35%
LWM
565
LJI Wealth Management
Indiana
$201K +$201K +2,009 New
FLPIM
566
F.L. Putnam Investment Management
Massachusetts
$200K +$201K +2,007 New
NHFG
567
New Harbor Financial Group
Massachusetts
$200K +$200K +2,006 New
WTC
568
WhitTier Trust Company
Nevada
$191K – – –
CNBTD
569
Citizens National Bank Trust Department
Mississippi
$175K +$52.2K +522 +42%
SVCP
570
Silicon Valley Capital Partners
California
$175K – – –
SIS
571
Strategic Investment Solutions
Illinois
$174K +$10.6K +106 +6%
WSFS
572
Wilmington Savings Fund Society
Delaware
$169K – – –
PFA
573
Pathway Financial Advisers
Indiana
$162K +$162K +1,623 New
HIIFS
574
Harel Insurance Investments & Financial Services
Israel
$161K +$136K +1,365 +544%
HBT
575
Hills Bank & Trust
Iowa
$159K +$4.6K +46 +3%
21 22
23
24 25

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.