Vault-13

BITWISE FUNDS TRUST

ETHEREUM STRTGY · CUSIP 091748301

2 institutional holders -2 vs Q2 2025
49,45549.5k shares reported held*
$2.4mreported value*
1 new 1 added 0 reduced 2 sold out net bought ≈ $1.3m (+28.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $47.88.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0510Q4 23: 3Q1 24: 4Q2 24: 8Q3 24: 6Q4 24: 5Q1 25: 4Q2 25: 4Q3 25: 22Q4 23Q2 24Q4 24Q2 25Q3 25
Numbers
QuarterHolders
Q4 20233
Q1 20244
Q2 20248
Q3 20246
Q4 20245
Q1 20254
Q2 20254
Q3 20252

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q1 24: 3 bought or addedQ1 24: 1 cut or sold outQ1 24Q2 24: 6 bought or addedQ2 24: 2 cut or sold outQ3 24: 3 bought or addedQ3 24: 3 cut or sold outQ3 24Q4 24: 3 bought or addedQ4 24: 3 cut or sold outQ1 25: 2 bought or addedQ1 25: 2 cut or sold outQ1 25Q2 25: 0 bought or addedQ2 25: 3 cut or sold outQ3 25: 2 bought or addedQ3 25: 2 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q1 202431
Q2 202462
Q3 202433
Q4 202433
Q1 202522
Q2 202503
Q3 202522

Biggest buyers

NAPA WEALTH MANAGEMENT New +32,478+32.5k
Global Retirement Partners, LLC Added +3,532+3.5k

Biggest sellers

JANE STREET GROUP, LLC Sold out -7,944-7.9k
SIMPLEX TRADING, LLC Sold out -40-40

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NAPA WEALTH MANAGEMENT 0.73% of their portfolio Napa, CA 32,47832.5k $1.6m $1.6m 0.73% New
2 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 16,97717.0k $812.9k $812.9k 0.02% Added +3.5k +3,532