Fidelity Wise Origin Bitcoin Fund
FBTC
643 hedge funds and large institutions have $2.08B invested in Fidelity Wise Origin Bitcoin Fund in 2026 Q1 according to their latest regulatory filings, with 78 funds opening new positions, 291 increasing their positions, 146 reducing their positions, and 97 closing their positions.
99% more repeat investments, than reductions
Existing positions increased: 291 | Existing positions reduced: 146
35% more call options, than puts
Call options by funds: $218M | Put options by funds: $161M
5% less funds holding
Funds holding: 676 → 643 (-33)
5.79% less ownership
Funds ownership: 29.02% → 23.23% (-5.8%)
20% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 97
20% less funds holding in top 10
Funds holding in top 10: 30 → 24 (-6)
38% less capital invested
Capital invested by funds: $3.35B → $2.08B (-$1.27B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$36.2M |
| 2 |
DWM
Diversify Wealth Management
Sandy,
Utah
|
+$14.8M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
+$12M |
| 4 |
Morgan Stanley
New York
|
+$10.7M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$9.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$302M |
| 2 |
Jane Street
New York
|
-$192M |
| 3 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
-$161M |
| 4 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
-$28.5M |
| 5 |
WG
Winton Group
London,
United Kingdom
|
-$20.2M |
FBTC Hedge Fund Activity: Q1 2026 in Review
643 institutional investors reported a position in Fidelity Wise Origin Bitcoin Fund (FBTC) for Q1 2026, worth a combined $2.08B — down 38% from $3.35B a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of FBTC and 78 opened new positions — a net loss of 19 holders — while 146 trimmed existing stakes and 291 added.
The largest buyer was Tidal Investments, opening a new position worth an estimated $36.2M. The largest seller was Millennium Management, cutting an estimated $302M.
- 643 institutional investors held Fidelity Wise Origin Bitcoin Fund (FBTC) as of Q1 2026, down from 676 in Q4 2025.
- Funds reported $2.08B of Fidelity Wise Origin Bitcoin Fund stock for Q1 2026, down 38% quarter-over-quarter.
- 78 funds opened new Fidelity Wise Origin Bitcoin Fund positions in Q1 2026 and 97 closed out, a net change of -19 holders.
- The largest Fidelity Wise Origin Bitcoin Fund buyer in Q1 2026 was Tidal Investments, an estimated $36.2M added.
- The largest Fidelity Wise Origin Bitcoin Fund seller in Q1 2026 was Millennium Management, an estimated $302M sold.
Based on aggregated 13F filings for Q1 2026.