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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
API
601
Asset Planning Inc
California
$74.9K +$74.9K +750 New
Northwestern Mutual Wealth Management
602
Northwestern Mutual Wealth Management
Wisconsin
$70.1K +$25.4K +254 +57%
PCTC
603
Perkins Coie Trust Company
Washington
$67.9K – – –
HC
604
Hurley Capital
New York
$66.9K – – –
CAM
605
Clarity Asset Management
Iowa
$66.5K – – –
AWM
606
AllSquare Wealth Management
New York
$66.4K – – –
CH
607
Canton Hathaway
Rhode Island
$65K – – –
TFIPS
608
Towarzystwo Funduszy Inwestycyjnych PZU SA
$63.7K +$63.9K +640 New
WPA
609
Wealth Preservation Advisors
Tennessee
$63.6K -$459K -4,599 -88%
PWA
610
Physician Wealth Advisors
Utah
$62.7K +$34.3K +343 +120%
CWM
611
Cedar Wealth Management
California
$61.5K – – –
TCOV
612
Trust Company of Vermont
Vermont
$59.9K – – –
NFSG
613
Newbridge Financial Services Group
Florida
$55.8K +$5.5K +55 +11%
SIS
614
Sound Income Strategies
Florida
$55.4K +$1.8K +18 +4%
RWPA
615
Richard W. Paul & Associates
Michigan
$53.2K – – –
Rockefeller Capital Management
616
Rockefeller Capital Management
New York
$53.1K +$53.2K +532 New
GA
617
Guerra Advisors
Florida
$52.6K +$52.7K +527 New
NMG
618
New Millennium Group
Utah
$50.2K +$22.9K +229 +84%
TSMHT
619
Thurston Springer Miller Herd & Titak
Indiana
$44.6K +$44.7K +447 New
FNWA
620
Financial Network Wealth Advisors
Utah
$39.5K +$16.7K +167 +73%
AWM
621
Activest Wealth Management
Florida
$36.2K +$3.1K +31 +9%
HI
622
Harbour Investments
Wisconsin
$35.8K – – –
SC
623
Stephens Consulting
Michigan
$34.9K – – –
MG
624
Mather Group
Illinois
$32.7K +$32.8K +328 New
FC
625
Financial Consulate
Maryland
$32.1K +$32.2K +322 New
23 24
25
26 27

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.