Fidelity Wise Origin Bitcoin Fund
FBTC
623 hedge funds and large institutions have $4.68B invested in Fidelity Wise Origin Bitcoin Fund in 2025 Q2 according to their latest regulatory filings, with 125 funds opening new positions, 275 increasing their positions, 125 reducing their positions, and 31 closing their positions.
303% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 31
120% more repeat investments, than reductions
Existing positions increased: 275 | Existing positions reduced: 125
36% more funds holding in top 10
Funds holding in top 10: 33 → 45 (+12)
17% more funds holding
Funds holding: 534 → 623 (+89)
10.88% more ownership
Funds ownership: 21.93% → 32.81% (+11%)
8% more capital inflows, than outflows
Capital inflows: $795M | Capital outflows: $734M
30% less call options, than puts
Call options by funds: $243M | Put options by funds: $346M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$162M |
| 2 |
Cantor Fitzgerald
New York
|
+$111M |
| 3 |
ParaFi Capital
New York
|
+$43.5M |
| 4 |
Schonfeld Strategic Advisors
New York
|
+$40.5M |
| 5 |
Elequin Capital
New York
|
+$33.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capula Management
Grand Cayman,
Cayman Islands
|
-$241M |
| 2 |
Jane Street
New York
|
-$212M |
| 3 |
D.E. Shaw & Co
New York
|
-$164M |
| 4 |
Wolverine Asset Management
Chicago,
Illinois
|
-$11.6M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$9.5M |
FBTC Hedge Fund Activity: Q2 2025 in Review
623 of the 7,623 institutional investors tracked by Wall St. Rank reported a position in Fidelity Wise Origin Bitcoin Fund (FBTC) for Q2 2025, worth a combined $4.68B — up 32% from $3.54B a quarter earlier.
Buyers outnumbered sellers: 125 funds opened new FBTC positions and 31 closed out — a net gain of 94 holders — while 275 added to existing stakes and 125 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $162M. The largest seller was Capula Management, cutting an estimated $241M.
- 623 institutional investors held Fidelity Wise Origin Bitcoin Fund (FBTC) as of Q2 2025, up from 534 in Q1 2025.
- Funds reported $4.68B 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 31 closed out, a net change of +94 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.