Fidelity Wise Origin Bitcoin Fund
FBTC
534 hedge funds and large institutions have $3.54B invested in Fidelity Wise Origin Bitcoin Fund in 2025 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 266 increasing their positions, 105 reducing their positions, and 59 closing their positions.
153% more repeat investments, than reductions
Existing positions increased: 266 | Existing positions reduced: 105
65% more call options, than puts
Call options by funds: $150M | Put options by funds: $90.5M
24% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 59
3% more funds holding in top 10
Funds holding in top 10: 32 → 33 (+1)
1% more funds holding
Funds holding: 529 → 534 (+5)
4.02% less ownership
Funds ownership: 25.95% → 21.93% (-4%)
28% less capital invested
Capital invested by funds: $4.94B → $3.54B (-$1.4B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$278M |
| 2 |
SC
Sculptor Capital
New York
|
+$113M |
| 3 |
TCC
Trans-Canada Capital
Montreal,
Quebec, Canada
|
+$39.6M |
| 4 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
+$25.6M |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
-$324M |
| 2 |
D.E. Shaw & Co
New York
|
-$197M |
| 3 |
HI
HBK Investments
Dallas,
Texas
|
-$192M |
| 4 |
Millennium Management
New York
|
-$126M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$109M |
FBTC Hedge Fund Activity: Q1 2025 in Review
534 of the 7,477 institutional investors tracked by Wall St. Rank reported a position in Fidelity Wise Origin Bitcoin Fund (FBTC) for Q1 2025, worth a combined $3.54B — down 28% from $4.94B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new FBTC positions and 59 closed out — a net gain of 14 holders — while 266 added to existing stakes and 105 trimmed.
The largest buyer was Jane Street, adding an estimated $278M. The largest seller was Bracebridge Capital LLC, exiting entirely with an estimated $324M sold.
- 534 institutional investors held Fidelity Wise Origin Bitcoin Fund (FBTC) as of Q1 2025, up from 529 in Q4 2024.
- Funds reported $3.54B of Fidelity Wise Origin Bitcoin Fund stock for Q1 2025, down 28% quarter-over-quarter.
- 73 funds opened new Fidelity Wise Origin Bitcoin Fund positions in Q1 2025 and 59 closed out, a net change of +14 holders.
- The largest Fidelity Wise Origin Bitcoin Fund buyer in Q1 2025 was Jane Street, an estimated $278M added.
- The largest Fidelity Wise Origin Bitcoin Fund seller in Q1 2025 was Bracebridge Capital LLC, an estimated $324M sold.
Based on aggregated 13F filings for Q1 2025.