Vault-13

BITWISE BITCOIN ETF TR BITB

SHS BEN INT · ETP · CUSIP 09174C104

250 institutional holders +15 vs Q4 2024
16,281,84716.3m shares reported held*
$732.5mreported value*
48 new 102 added 50 reduced 31 sold out net sold ≈ $345.5m (-7.7m 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 ≈ $44.99. Options: 7 managers hold calls ($21.0m notional), 8 hold puts ($6.8m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q1 24: 106Q2 24: 145Q3 24: 156Q4 24: 235Q1 25: 250250Q1 24Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q1 2024106
Q2 2024145
Q3 2024156
Q4 2024235
Q1 2025250

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 106 bought or addedQ2 24: 25 cut or sold outQ2 24Q3 24: 95 bought or addedQ3 24: 38 cut or sold outQ3 24Q4 24: 154 bought or addedQ4 24: 42 cut or sold outQ4 24Q1 25: 150 bought or addedQ1 25: 81 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202410625
Q3 20249538
Q4 202415442
Q1 202515081

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $20.8mQ4 24 puts: $5.4mQ4 24P/C 0.26Q1 25 calls: $21.0mQ1 25 puts: $6.8mQ1 25P/C 0.32
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$20.8m$5.4m0.26
Q1 2025$21.0m$6.8m0.32

Biggest buyers

Sculptor Capital LP New +367,374+367.4k
Orion Portfolio Solutions, LLC Added +192,034+192.0k
Beaird Harris Wealth Management, LLC Added +185,930+185.9k
DRW Securities, LLC New +174,987+175.0k
Magnus Financial Group LLC New +172,152+172.2k
PNC Financial Services Group, Inc. Added +147,304+147.3k
KALEIDOSCOPE CAPITAL LP Added +123,965+124.0k
Crumly & Associates Inc. New +102,300+102.3k
ENVESTNET ASSET MANAGEMENT INC Added +87,890+87.9k
TRAPHAGEN INVESTMENT ADVISORS LLC Added +62,073+62.1k

Biggest sellers

ParaFi Capital LP Sold out -1,960,000-2.0m
Pantera Capital Partners LP Reduced -1,640,000-1.6m
JANE STREET GROUP, LLC Sold out -1,443,501-1.4m
BOOTHBAY FUND MANAGEMENT, LLC Sold out -1,104,412-1.1m
Hunting Hill Global Capital, LLC Sold out -610,663-610.7k
HBK INVESTMENTS L P Reduced -608,784-608.8k
Ovata Capital Management Ltd Sold out -390,992-391.0k
Quadrature Capital Ltd Sold out -359,720-359.7k
Quarry LP Sold out -357,263-357.3k
Elequin Capital, LP Reduced -330,365-330.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.4m186.2k shares
CITADEL ADVISORS LLC Added $5.9m130.8k shares
JANE STREET GROUP, LLC New $2.8m61.9k shares
IMC-Chicago, LLC Added $2.6m59.0k shares
SIMPLEX TRADING, LLC Added $1.3m29.3k shares
Walleye Trading LLC Reduced $4.5k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

IMC-Chicago, LLC Added $1.9m42.9k shares
CITADEL ADVISORS LLC Added $1.8m41.2k shares
Walleye Trading LLC Added $955.9k21.3k shares
SIMPLEX TRADING, LLC Reduced $870.0k19.4k shares
JANE STREET GROUP, LLC New $776.4k17.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $264.8k5.9k shares
Quaker Wealth Management, LLC First filing $119.2k2.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q1 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 3,580,3983.6m $160.7m $160.7m 0.16% Reduced -147.3k -147,294
2 Pantera Capital Partners LP 93.42% of their portfolio SAN FRANCISCO, CA 3,090,0003.1m $138.7m $138.7m 93.42% Reduced -1.6m -1,640,000
3 Schonfeld Strategic Advisors LLC 0.28% of their portfolio NEW YORK, NY 944,272944.3k $42.4m $42.4m 0.28% Added +29.5k +29,472
4 Beaird Harris Wealth Management, LLC 2.04% of their portfolio DALLAS, TX 535,732535.7k $24.0m $24.0m 2.04% Added +185.9k +185,930
5 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 454,191454.2k $20.4m $20.4m 0.01% Added +147.3k +147,304
6 Orion Portfolio Solutions, LLC 0.09% of their portfolio Omaha, NE 393,464393.5k $18.9m $18.9m 0.09% Added +192.0k +192,034
7 Fielder Capital Group LLC 4.86% of their portfolio NASHVILLE, TN 374,764374.8k $16.8m $16.8m 4.86% Reduced -1.3k -1,269
8 Sculptor Capital LP 0.37% of their portfolio New York, NY 367,374367.4k $16.5m $16.5m 0.37% New
9 Pine Ridge Advisers LLC 1.29% of their portfolio NEW YORK, NY 336,325336.3k $15.1m $15.1m 1.29% Unchanged
10 HBK INVESTMENTS L P 0.20% of their portfolio DALLAS, TX 260,222260.2k $11.7m $11.7m 0.20% Reduced -608.8k -608,784
11 KALEIDOSCOPE CAPITAL LP 6.05% of their portfolio BOSTON, MA 226,877226.9k $10.2m $10.2m 6.05% Added +124.0k +123,965
12 TRAPHAGEN INVESTMENT ADVISORS LLC 1.04% of their portfolio ORADELL, NJ 221,918221.9k $10.0m $10.0m 1.04% Added +62.1k +62,073
13 CWM, LLC 0.03% of their portfolio OMAHA, NE 193,172193.2k $8.7m $8.7m 0.03% Added +51.4k +51,397
14 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 192,034192.0k $8.6m $8.6m 0.08% Reduced -9.4k -9,396
15 Refined Wealth Management 6.55% of their portfolio SALT LAKE CITY, UT 178,316178.3k $8.0m $8.0m 6.55% Added +42.9k +42,904
16 RPg Family Wealth Advisory, LLC 2.28% of their portfolio BURLINGTON, MA 178,148178.1k $8.0m $8.0m 2.28% Reduced -57.3k -57,279
17 Tidal Investments LLC 0.07% of their portfolio Milwaukee, WI 176,340176.3k $7.9m $7.9m 0.07% Reduced -34.9k -34,883
18 DRW Securities, LLC 0.67% of their portfolio CHICAGO, IL 174,987175.0k $7.9m $7.9m 0.67% New
19 Magnus Financial Group LLC 0.75% of their portfolio NEW YORK, NY 172,152172.2k $7.7m $7.7m 0.75% New
20 Clear Creek Financial Management, LLC 0.73% of their portfolio SILVERDALE, WA 155,882155.9k $7.0m $7.0m 0.73% Reduced -6.5k -6,508
21 Artemis Wealth Advisors, LLC 1.41% of their portfolio Port Washington, NY 150,000150.0k $6.7m $6.7m 1.41% Unchanged
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 134,776134.8k $6.0m $6.0m 0.00% Added +87.9k +87,890
23 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 103,747103.7k $4.7m $4.7m 0.01% Reduced -8.4k -8,441
24 Visionary Wealth Advisors 0.28% of their portfolio O'FALLON, IL 103,340103.3k $4.6m $4.6m 0.28% Added +4.2k +4,206
25 Crumly & Associates Inc. 1.27% of their portfolio SPRINGFIELD, IL 102,300102.3k $4.6m $4.6m 1.27% New
26 White Knight Strategic Wealth Advisors, LLC 4.06% of their portfolio PRINCETON, NJ 98,32198.3k $4.4m $4.4m 4.06% Reduced -106.4k -106,381
27 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 95,44695.4k $4.3m $4.3m 0.01% Added +5.4k +5,443
28 MAGNOLIA CAPITAL ADVISORS LLC 1.13% of their portfolio RIDGELAND, MS 92,91092.9k $4.2m $4.2m 1.13% Reduced -115.9k -115,883
29 Kingsview Wealth Management, LLC 0.08% of their portfolio GRANTS PASS, OR 92,29692.3k $4.1m $4.1m 0.08% Added +44.4k +44,356
30 Betterment LLC 0.01% of their portfolio NEW YORK, NY 91,63191.6k $4.1m $4.1m 0.01% Added +102 +102
31 BEAM WEALTH ADVISORS, INC. 1.38% of their portfolio COVINGTON, LA 91,37391.4k $4.1m $4.1m 1.38% Added +1.5k +1,522
32 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 88,91588.9k $4.0m $4.0m 0.04% Unchanged
33 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 84,17484.2k $3.8m $3.8m 0.00% Added +4.1k +4,089
34 Farringdon Capital, Ltd. 1.81% of their portfolio LONDON, X0 79,90279.9k $3.6m $3.6m 1.81% Added +38.7k +38,714
35 HIGHLINE WEALTH PARTNERS LLC 1.08% of their portfolio SHERMAN OAKS, CA 71,69471.7k $3.2m $3.2m 1.08% Added +164 +164
36 IEQ CAPITAL, LLC 0.03% of their portfolio Foster City, CA 71,25271.3k $3.2m $3.2m 0.03% Added +14.0k +14,005
37 KMG FIDUCIARY PARTNERS, LLC 0.22% of their portfolio TOLEDO, OH 59,62359.6k $2.7m $2.7m 0.22% Added +13.0k +12,960
38 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 57,76457.8k $2.6m $2.6m 0.00% Added +1.2k +1,214
39 Advance Capital Management, Inc. 0.12% of their portfolio SOUTHFIELD, MI 56,59056.6k $2.5m $2.5m 0.12% Reduced -71.5k -71,479
40 Perigon Wealth Management, LLC 0.06% of their portfolio SAN FRANCISCO, CA 56,24256.2k $2.5m $2.5m 0.06% Added +325 +325
41 Claro Advisors Inc. 0.34% of their portfolio BOSTON, MA 56,23656.2k $2.5m $2.5m 0.34% Reduced -891 -891
42 StoneX Group Inc. 0.13% of their portfolio NEW YORK, NY 54,39754.4k $2.4m $2.4m 0.13% Reduced -5.3k -5,308
43 Embree Financial Group 0.41% of their portfolio Chicago, IL 54,07054.1k $2.4m $2.4m 0.41% Reduced -1.4k -1,429
44 Soltis Investment Advisors LLC 0.20% of their portfolio ST. GEORGE, UT 50,42150.4k $2.3m $2.3m 0.20% Added +23.2k +23,221
45 RPO LLC 4.20% of their portfolio Stamford, CT 46,78546.8k $2.1m $2.1m 4.20% Reduced -211.6k -211,600
46 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 45,38545.4k $2.0m $2.0m 0.01% Added +4.0k +4,000
47 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 42,71042.7k $1.9m $1.9m 0.01% New
48 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 39,26939.3k $1.8m $1.8m 0.01% Reduced -2.3k -2,301
49 Farther Finance Advisors, LLC 0.05% of their portfolio SAN FRANCISCO, CA 38,54638.5k $1.8m $1.8m 0.05% Added +23.8k +23,834
50 VANCE WEALTH, LLC 0.63% of their portfolio SANTA CLARITA, CA 37,16937.2k $1.7m $1.7m 0.63% Added +12.6k +12,633
51 FF Advisors,LLC 1.08% of their portfolio MANHATTAN BEACH, CA 36,08836.1k $1.9m $1.9m 1.08% Added +19.8k +19,767
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 35,24035.2k $1.6m $1.6m 0.00% Added +9.3k +9,305
53 Wiser Wealth Management, Inc 0.44% of their portfolio MARIETTA, GA 34,96835.0k $1.6m $1.6m 0.44% Added +7.3k +7,306
54 CreativeOne Wealth, LLC 0.05% of their portfolio OVERLAND PARK, KS 34,84834.8k $1.6m $1.6m 0.05% Added +17.7k +17,714
55 Salus Financial Advisors, LLC 1.15% of their portfolio COLORADO SPRINGS, CO 33,89033.9k $1.5m $1.5m 1.15% Reduced -8.3k -8,275
56 Proficio Capital Partners LLC 0.12% of their portfolio NEWTON, MA 33,49733.5k $1.5m $1.5m 0.12% Reduced -7.9k -7,855
57 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 33,16733.2k $1.5m $1.5m 0.00% Reduced -1.8k -1,750
58 Signature Wealth Management Group 0.57% of their portfolio ATLANTA, GA 32,87132.9k $1.5m $1.5m 0.57% Added +2.6k +2,628
59 MRP Capital Investments, LLC 1.36% of their portfolio ALPHARETTA, GA 32,50332.5k $1.5m $1.5m 1.36% Added +1.5k +1,475
60 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 30,95030.9k $1.4m $1.4m 0.01% Added +930 +930
61 Archer Investment Management, LLC 0.95% of their portfolio AUSTIN, TX 30,69430.7k $1.4m $1.4m 0.95% Reduced -2.6k -2,639
62 SILVER OAK SECURITIES, INCORPORATED 0.13% of their portfolio JACKSON, TN 30,25230.3k $1.4m $1.4m 0.13% Reduced -8.2k -8,248
63 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 29,35829.4k $1.3m $1.3m 0.00% Reduced -28.9k -28,870
64 LAKE STREET PRIVATE WEALTH, LLC 0.21% of their portfolio CHICAGO, IL 28,17828.2k $1.3m $1.3m 0.21% Added +3.4k +3,361
65 SHARPEPOINT LLC 1.27% of their portfolio PHOENIX, AZ 27,86927.9k $1.4m $1.4m 1.27% New
66 Capital Wealth Alliance, LLC 0.74% of their portfolio Scottsdale, AZ 27,48027.5k $1.2m $1.2m 0.74% Added +8.4k +8,399
67 3EDGE Asset Management, LP 0.08% of their portfolio Naples, FL 26,93126.9k $1.2m $1.2m 0.08% Reduced -79 -79
68 OPTIMA CAPITAL LLC 0.76% of their portfolio PORTLAND, OR 26,63126.6k $1.2m $1.2m 0.76% Added +16.4k +16,350
69 Arax Advisory Partners 0.07% of their portfolio NEW YORK, NY 23,70123.7k $1.1m $1.1m 0.07% Reduced -715 -715
70 WT Wealth Management 0.34% of their portfolio SCOTTSDALE, AZ 23,64823.6k $1.1m $1.1m 0.34% Added +4.4k +4,351
71 GPS Wealth Strategies Group, LLC 0.14% of their portfolio CENTENNIAL, CO 23,60523.6k $1.1m $1.1m 0.14% New
72 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 23,44723.4k $1.1m $1.1m 0.01% Added +4.3k +4,261
73 MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio BENE-BERAQ, L3 22,54322.5k $1.0m $1.0m 0.02% New
74 Pekin Hardy Strauss, Inc. 0.12% of their portfolio CHICAGO, IL 22,40522.4k $1.0m $1.0m 0.12% Unchanged
75 BBR PARTNERS, LLC 0.07% of their portfolio NEW YORK, NY 21,50021.5k $964.9k $964.9k 0.07% Unchanged
76 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 20,77320.8k $932.3k $932.3k 0.01% New
77 O'Dell Group, LLC 0.24% of their portfolio CINCINNATI, OH 20,45320.5k $917.9k $917.9k 0.24% Unchanged
78 U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio AUSTIN, TX 20,36020.4k $913.8k $913.8k 0.03% Added +6.0k +5,950
79 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 20,24020.2k $908.0k $908.0k 0.00% Added +858 +858
80 New Harbor Financial Group, LLC 0.24% of their portfolio WORCESTER, MA 20,18820.2k $906.0k $906.0k 0.24% Reduced -454 -454
81 Smith Anglin Financial, LLC 0.10% of their portfolio DALLAS, TX 20,11820.1k $902.9k $902.9k 0.10% Reduced -3.0k -3,013
82 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 19,73119.7k $885.5k $885.5k 0.02% New
83 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 19,66919.7k $882.7k $882.7k 0.01% Added +2.3k +2,256
84 Arete Wealth Advisors, LLC 0.06% of their portfolio CHICAGO, IL 18,86218.9k $847.0k $847.0k 0.06% Reduced -3.2k -3,250
85 TRUE Private Wealth Advisors 0.10% of their portfolio Salem, OR 18,82918.8k $845.1k $845.1k 0.10% Added +33 +33
86 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 18,73318.7k $782.1k $782.1k 0.00% Unchanged
87 Freestone Capital Holdings, LLC 0.03% of their portfolio Seattle, WA 18,20518.2k $817.0k $817.0k 0.03% Unchanged
88 Bonfire Financial 0.72% of their portfolio COLORADO SPRINGS, CO 17,40517.4k $781.1k $781.1k 0.72% Added +4.4k +4,383
89 a16z Perennial Management, L.P. 0.09% of their portfolio MENLO PARK, CA 15,96116.0k $716.3k $716.3k 0.09% Reduced -16.0k -15,961
90 Wealth Watch Advisors, INC 0.54% of their portfolio ENGLEWOOD, CO 14,89714.9k $668.6k $668.6k 0.54% Reduced -1.3k -1,278
91 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 14,87214.9k $667.4k $667.4k 0.00% Added +5.8k +5,793
92 BRANDYWINE OAK PRIVATE WEALTH LLC 0.06% of their portfolio Kennett Square, PA 14,55514.6k $653.2k $653.2k 0.06% Added +2.9k +2,883
93 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,52314.5k $651.8k $651.8k 0.00% Reduced -2.7k -2,677
94 Stegent Equity Advisors, Inc. 0.65% of their portfolio HOUSTON, TX 14,30514.3k $642.0k $642.0k 0.65% New
95 Walkner Condon Financial Advisors LLC 0.13% of their portfolio MADISON, WI 14,02914.0k $629.6k $629.6k 0.13% Unchanged
96 Kerrisdale Advisers, LLC 0.24% of their portfolio Miami, FL 12,87312.9k $577.7k $577.7k 0.24% Reduced -11.5k -11,485
97 TOWNSQUARE CAPITAL LLC 0.01% of their portfolio Lehi, UT 12,74712.7k $572.1k $572.1k 0.01% Added +2.6k +2,628
98 Hudson Value Partners, LLC 0.21% of their portfolio PALM BEACH, FL 12,28012.3k $551.1k $551.1k 0.21% Added +5.0k +5,023
99 Maridea Wealth Management LLC 0.18% of their portfolio BROOKLYN, NY 12,13612.1k $544.7k $544.7k 0.18% Added +101 +101
100 Trek Financial, LLC 0.04% of their portfolio Scottsdale, AZ 12,05912.1k $541.2k $541.2k 0.04% Added +1.2k +1,171