Fidelity Wise Origin Bitcoin Fund
FBTC
679 hedge funds and large institutions have $3.36B invested in Fidelity Wise Origin Bitcoin Fund in 2025 Q4 according to their latest regulatory filings, with 118 funds opening new positions, 322 increasing their positions, 139 reducing their positions, and 115 closing their positions.
132% more repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 139
8% more call options, than puts
Call options by funds: $240M | Put options by funds: $222M
3% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 115
0.3% less ownership
Funds ownership: 29.41% → 29.11% (-0.3%)
1% less funds holding
Funds holding: 685 → 679 (-6)
24% less capital invested
Capital invested by funds: $4.44B → $3.36B (-$1.08B)
35% less funds holding in top 10
Funds holding in top 10: 48 → 31 (-17)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$216M |
| 2 |
Morgan Stanley
New York
|
+$60.4M |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$59.4M |
| 4 |
MIC
Means Investment Company
Bangor,
Maine
|
+$24.2M |
| 5 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
+$14.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$171M |
| 2 |
TCC
Trans-Canada Capital
Montreal,
Quebec, Canada
|
-$77.1M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$48.4M |
| 4 |
Goldman Sachs
New York
|
-$41.2M |
| 5 |
EC
Elequin Capital
New York
|
-$41.1M |
FBTC Hedge Fund Activity: Q4 2025 in Review
679 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Fidelity Wise Origin Bitcoin Fund (FBTC) for Q4 2025, worth a combined $3.36B — down 24% from $4.44B a quarter earlier.
Buyers outnumbered sellers: 118 funds opened new FBTC positions and 115 closed out — a net gain of 3 holders — while 322 added to existing stakes and 139 trimmed.
The largest buyer was Jane Street, adding an estimated $216M. The largest seller was Sculptor Capital, cutting an estimated $171M.
- 679 institutional investors held Fidelity Wise Origin Bitcoin Fund (FBTC) as of Q4 2025, down from 685 in Q3 2025.
- Funds reported $3.36B of Fidelity Wise Origin Bitcoin Fund stock for Q4 2025, down 24% quarter-over-quarter.
- 118 funds opened new Fidelity Wise Origin Bitcoin Fund positions in Q4 2025 and 115 closed out, a net change of +3 holders.
- The largest Fidelity Wise Origin Bitcoin Fund buyer in Q4 2025 was Jane Street, an estimated $216M added.
- The largest Fidelity Wise Origin Bitcoin Fund seller in Q4 2025 was Sculptor Capital, an estimated $171M sold.
Based on aggregated 13F filings for Q4 2025.