Vault-13

BITWISE BITCOIN ETF TR BITB

SHS BEN INT · ETP · CUSIP 09174C104

293 institutional holders +43 vs Q1 2025
19,233,59219.2m shares reported held*
$1.1bnreported value*
58 new 121 added 52 reduced 17 sold out net bought ≈ $184.6m (+3.2m 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 ≈ $58.60. Options: 8 managers hold calls ($32.6m notional), 8 hold puts ($14.3m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q1 24: 106Q2 24: 145Q3 24: 156Q4 24: 235Q1 25: 250Q2 25: 293293Q1 24Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 2024106
Q2 2024145
Q3 2024156
Q4 2024235
Q1 2025250
Q2 2025293

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 25Q2 25: 179 bought or addedQ2 25: 69 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q2 202410625
Q3 20249538
Q4 202415442
Q1 202515081
Q2 202517969

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 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 0.32Q2 25 calls: $32.6mQ2 25 puts: $14.3mQ2 25P/C 0.44
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$20.8m$5.4m0.26
Q1 2025$21.0m$6.8m0.32
Q2 2025$32.6m$14.3m0.44

Biggest buyers

ParaFi Capital LP New +1,960,000+2.0m
Schonfeld Strategic Advisors LLC Added +1,000,000+1.0m
IMC-Chicago, LLC New +514,103+514.1k
Hunting Hill Global Capital, LLC New +207,495+207.5k
JANE STREET GROUP, LLC New +198,011+198.0k
KALEIDOSCOPE CAPITAL LP Added +185,252+185.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +158,767+158.8k
RENAISSANCE TECHNOLOGIES LLC New +110,900+110.9k
Virtu Financial LLC Added +100,152+100.2k
MML INVESTORS SERVICES, LLC Added +63,960+64.0k

Biggest sellers

Pantera Capital Partners LP Reduced -1,850,000-1.9m
Fielder Capital Group LLC Reduced -169,313-169.3k
DRW Securities, LLC Reduced -134,211-134.2k
MILLENNIUM MANAGEMENT LLC Reduced -64,700-64.7k
O'Dell Group, LLC Sold out -20,453-20.5k
Orion Porfolio Solutions, LLC Reduced -17,959-18.0k
Betterment LLC Reduced -17,084-17.1k
Kestra Advisory Services, LLC Reduced -16,758-16.8k
Perigon Wealth Management, LLC Reduced -16,605-16.6k
Kerrisdale Advisers, LLC Sold out -12,873-12.9k

Biggest calls

CITADEL ADVISORS LLC Added $15.2m259.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.4m143.3k shares
IMC-Chicago, LLC Reduced $3.2m54.0k shares
JANE STREET GROUP, LLC Reduced $2.4m41.3k shares
SIMPLEX TRADING, LLC Added $2.0m34.7k shares
MGO ONE SEVEN LLC New $1.1m18.6k shares
BANK OF AMERICA CORP /DE/ New $257.8k4.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

IMC-Chicago, LLC Added $3.4m57.4k shares
SIMPLEX TRADING, LLC Added $2.8m48.0k shares
CITADEL ADVISORS LLC Added $2.5m43.4k shares
JANE STREET GROUP, LLC Added $1.9m32.1k shares
Walleye Trading LLC Added $1.8m30.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m25.6k shares
WOLVERINE TRADING, LLC New $412.8k7.1k 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 Q2 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.18% of their portfolio NEW YORK, NY 3,515,6983.5m $206.0m $206.0m 0.18% Reduced -64.7k -64,700
2 ParaFi Capital LP 21.06% of their portfolio NEW YORK, NY 1,960,0002.0m $114.8m $114.8m 21.06% New
3 Schonfeld Strategic Advisors LLC 0.86% of their portfolio NEW YORK, NY 1,944,2721.9m $113.9m $113.9m 0.86% Added +1.0m +1,000,000
4 Pantera Capital Partners LP 41.42% of their portfolio SAN FRANCISCO, CA 1,240,0001.2m $72.7m $72.7m 41.42% Reduced -1.9m -1,850,000
5 Beaird Harris Wealth Management, LLC 2.70% of their portfolio DALLAS, TX 596,382596.4k $34.9m $34.9m 2.70% Added +60.6k +60,650
6 IMC-Chicago, LLC 0.75% of their portfolio CHICAGO, IL 514,103514.1k $30.1m $30.1m 0.75% New
7 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 501,955502.0k $29.4m $29.4m 0.02% Added +47.8k +47,764
8 KALEIDOSCOPE CAPITAL LP 9.59% of their portfolio BOSTON, MA 412,129412.1k $24.1m $24.1m 9.59% Added +185.3k +185,252
9 Sculptor Capital LP 0.35% of their portfolio New York, NY 367,374367.4k $21.5m $21.5m 0.35% Unchanged
10 Pine Ridge Advisers LLC 1.45% of their portfolio NEW YORK, NY 336,325336.3k $19.7m $19.7m 1.45% Unchanged
11 HBK INVESTMENTS L P 0.26% of their portfolio DALLAS, TX 251,122251.1k $14.7m $14.7m 0.26% Reduced -9.1k -9,100
12 TRAPHAGEN INVESTMENT ADVISORS LLC 1.31% of their portfolio ORADELL, NJ 235,616235.6k $13.8m $13.8m 1.31% Added +13.7k +13,698
13 CWM, LLC 0.04% of their portfolio OMAHA, NE 212,807212.8k $12.5m $12.5m 0.04% Added +19.6k +19,635
14 Hunting Hill Global Capital, LLC 6.57% of their portfolio New York, NY 207,495207.5k $12.2m $12.2m 6.57% New
15 Fielder Capital Group LLC 3.21% of their portfolio NASHVILLE, TN 205,451205.5k $12.0m $12.0m 3.21% Reduced -169.3k -169,313
16 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 198,011198.0k $11.6m $11.6m 0.02% New
17 Tidal Investments LLC 0.08% of their portfolio Milwaukee, WI 197,973198.0k $11.6m $11.6m 0.08% Added +21.6k +21,633
18 Clear Creek Financial Management, LLC 1.03% of their portfolio SILVERDALE, WA 184,874184.9k $10.8m $10.8m 1.03% Added +29.0k +28,992
19 RPg Family Wealth Advisory, LLC 2.83% of their portfolio BURLINGTON, MA 181,621181.6k $10.6m $10.6m 2.83% Added +3.5k +3,473
20 Refined Wealth Management 7.22% of their portfolio SALT LAKE CITY, UT 179,375179.4k $10.5m $10.5m 7.22% Added +1.1k +1,059
21 Magnus Financial Group LLC 0.90% of their portfolio NEW YORK, NY 175,192175.2k $10.3m $10.3m 0.90% Added +3.0k +3,040
22 Orion Porfolio Solutions, LLC 0.09% of their portfolio OMAHA, NE 174,075174.1k $10.2m $10.2m 0.09% Reduced -18.0k -17,959
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 173,290173.3k $10.2m $10.2m 0.02% Added +158.8k +158,767
24 Artemis Wealth Advisors, LLC 1.51% of their portfolio Port Washington, NY 150,000150.0k $8.8m $8.8m 1.51% Unchanged
25 Carter Financial Group, INC. 4.99% of their portfolio BARRINGTON, IL 130,178130.2k $7.6m $7.6m 4.99% First filing
26 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 126,323126.3k $7.4m $7.4m 0.02% Added +30.9k +30,877
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 126,276126.3k $7.4m $7.4m 0.00% Reduced -8.5k -8,500
28 Crumly & Associates Inc. 1.73% of their portfolio SPRINGFIELD, IL 121,633121.6k $7.1m $7.1m 1.73% Added +19.3k +19,333
29 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 110,900110.9k $6.5m $6.5m 0.01% New
30 Virtu Financial LLC 0.32% of their portfolio New York, NY 107,553107.6k $6.3m $6.3m 0.32% Added +100.2k +100,152
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 107,163107.2k $6.4m $6.4m 0.01% Added +3.4k +3,416
32 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 106,670106.7k $6.2m $6.2m 0.02% Added +64.0k +63,960
33 MAGNOLIA CAPITAL ADVISORS LLC 1.56% of their portfolio RIDGELAND, MS 105,980106.0k $6.2m $6.2m 1.56% Added +13.1k +13,070
34 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 102,571102.6k $6.0m $6.0m 0.00% Added +18.4k +18,397
35 Visionary Wealth Advisors 0.30% of their portfolio O'FALLON, IL 101,316101.3k $5.9m $5.9m 0.30% Reduced -2.0k -2,024
36 Advance Capital Management, Inc. 0.26% of their portfolio SOUTHFIELD, MI 97,73497.7k $5.7m $5.7m 0.26% Added +41.1k +41,144
37 White Knight Strategic Wealth Advisors, LLC 4.74% of their portfolio PRINCETON, NJ 95,00895.0k $5.6m $5.6m 4.74% Reduced -3.3k -3,313
38 BEAM WEALTH ADVISORS, INC. 1.64% of their portfolio COVINGTON, LA 93,93193.9k $5.5m $5.5m 1.64% Added +2.6k +2,558
39 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 92,88492.9k $5.4m $5.4m 0.09% Added +588 +588
40 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 90,64190.6k $5.3m $5.3m 0.04% Added +1.7k +1,726
41 IEQ CAPITAL, LLC 0.03% of their portfolio Foster City, CA 89,63289.6k $5.3m $5.3m 0.03% Added +18.4k +18,380
42 Farringdon Capital, Ltd. 1.55% of their portfolio LONDON, X0 78,72078.7k $4.6m $4.6m 1.55% Reduced -1.2k -1,182
43 HIGHLINE WEALTH PARTNERS LLC 1.31% of their portfolio SHERMAN OAKS, CA 75,58175.6k $4.4m $4.4m 1.31% Added +3.9k +3,887
44 Betterment LLC 0.01% of their portfolio NEW YORK, NY 74,54774.5k $4.4m $4.4m 0.01% Reduced -17.1k -17,084
45 Claro Advisors Inc. 0.66% of their portfolio BOSTON, MA 68,43368.4k $4.0m $4.0m 0.66% Added +12.2k +12,197
46 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 63,99064.0k $3.7m $3.7m 0.00% Added +6.2k +6,226
47 KMG FIDUCIARY PARTNERS, LLC 0.26% of their portfolio TOLEDO, OH 60,51760.5k $3.5m $3.5m 0.26% Added +894 +894
48 RPO LLC 8.23% of their portfolio Stamford, CT 60,28560.3k $3.5m $3.5m 8.23% Added +13.5k +13,500
49 StoneX Group Inc. 0.16% of their portfolio NEW YORK, NY 55,59155.6k $3.3m $3.3m 0.16% Added +1.2k +1,194
50 Soltis Investment Advisors LLC 0.25% of their portfolio ST. GEORGE, UT 53,93053.9k $3.2m $3.2m 0.25% Added +3.5k +3,509
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 53,56053.6k $3.1m $3.1m 0.00% Added +20.4k +20,393
52 OPTIMA CAPITAL LLC 1.66% of their portfolio PORTLAND, OR 52,50352.5k $3.1m $3.1m 1.66% Added +25.9k +25,872
53 Embree Financial Group 0.46% of their portfolio Chicago, IL 51,88551.9k $3.0m $3.0m 0.46% Reduced -2.2k -2,185
54 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.02% of their portfolio NEW YORK, NY 51,24951.2k $3.0m $3.0m 0.02% Added +5.9k +5,864
55 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 50,07650.1k $2.9m $2.9m 0.00% Added +47.0k +46,983
56 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 45,37045.4k $2.7m $2.7m 0.00% Added +10.1k +10,130
57 MRP Capital Investments, LLC 1.70% of their portfolio ALPHARETTA, GA 42,27342.3k $2.5m $2.5m 1.70% Added +9.8k +9,770
58 Wiser Wealth Management, Inc 0.62% of their portfolio MARIETTA, GA 42,10142.1k $2.5m $2.5m 0.62% Added +7.1k +7,133
59 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 41,03941.0k $2.4m $2.4m 0.01% Added +1.8k +1,770
60 SIMPLEX TRADING, LLC 0.06% of their portfolio CHICAGO, IL 41,00041.0k $2.4m $2.4m 0.06% Added +32.5k +32,547
61 DRW Securities, LLC 0.17% of their portfolio CHICAGO, IL 40,77640.8k $2.4m $2.4m 0.17% Reduced -134.2k -134,211
62 Ovata Capital Management Ltd 0.51% of their portfolio HONG KONG, K3 39,97740.0k $2.3m $2.3m 0.51% New
63 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 39,63739.6k $2.3m $2.3m 0.05% Reduced -16.6k -16,605
64 Salus Financial Advisors, LLC 1.55% of their portfolio COLORADO SPRINGS, CO 39,46239.5k $2.3m $2.3m 1.55% Added +5.6k +5,572
65 VANCE WEALTH, LLC 0.75% of their portfolio SANTA CLARITA, CA 38,14038.1k $2.2m $2.2m 0.75% Added +971 +971
66 MEITAV INVESTMENT HOUSE LTD 0.03% of their portfolio BENE-BERAQ, L3 37,57437.6k $2.2m $2.2m 0.03% Added +15.0k +15,031
67 Elequin Capital, LP 0.30% of their portfolio NEW YORK, NY 37,04537.0k $2.2m $2.2m 0.30% Added +35.4k +35,438
68 CreativeOne Wealth, LLC 0.06% of their portfolio OVERLAND PARK, KS 36,96237.0k $2.2m $2.2m 0.06% Added +2.1k +2,114
69 FF Advisors,LLC 1.10% of their portfolio MANHATTAN BEACH, CA 36,31436.3k $2.1m $2.1m 1.10% Added +226 +226
70 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 34,81334.8k $2.0m $2.0m 0.01% Added +11.4k +11,366
71 Proficio Capital Partners LLC 0.12% of their portfolio NEWTON, MA 33,49733.5k $2.0m $2.0m 0.12% Unchanged
72 Well Done, LLC 0.37% of their portfolio HOLLAND, MI 33,40133.4k $2.0m $2.0m 0.37% Added +26.5k +26,543
73 Signature Wealth Management Group 0.77% of their portfolio ATLANTA, GA 33,36233.4k $2.0m $2.0m 0.77% Added +491 +491
74 Vise Technologies, Inc. 0.08% of their portfolio NEW YORK, NY 33,10833.1k $1.9m $1.9m 0.08% First filing
75 UNIQUE WEALTH, LLC 0.31% of their portfolio TAMPA, FL 32,30432.3k $1.9m $1.9m 0.31% Added +21.8k +21,794
76 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 31,52031.5k $1.8m $1.8m 0.04% Reduced -7.0k -7,026
77 GPS Wealth Strategies Group, LLC 0.21% of their portfolio CENTENNIAL, CO 31,11931.1k $1.8m $1.8m 0.21% Added +7.5k +7,514
78 LAKE STREET PRIVATE WEALTH, LLC 0.25% of their portfolio CHICAGO, IL 30,18030.2k $1.8m $1.8m 0.25% Added +2.0k +2,002
79 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 29,69129.7k $1.7m $1.7m 0.01% Added +19.0k +18,976
80 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 29,35829.4k $1.7m $1.7m 0.00% Unchanged
81 SHARPEPOINT LLC 1.70% of their portfolio PHOENIX, AZ 28,14228.1k $1.6m $1.6m 1.70% Added +273 +273
82 SILVER OAK SECURITIES, INCORPORATED 0.14% of their portfolio JACKSON, TN 27,99228.0k $1.6m $1.6m 0.14% Reduced -2.3k -2,260
83 Capital Wealth Alliance, LLC 0.84% of their portfolio Scottsdale, AZ 26,61426.6k $1.6m $1.6m 0.84% Reduced -866 -866
84 WT Wealth Management 0.45% of their portfolio SCOTTSDALE, AZ 25,83525.8k $1.5m $1.5m 0.45% Added +2.2k +2,187
85 Balance Wealth Partners LLC 0.85% of their portfolio WORTHINGTON, OH 24,68824.7k $1.4m $1.4m 0.85% New
86 SCS Capital Management LLC 0.02% of their portfolio BOSTON, MA 23,41023.4k $1.4m $1.4m 0.02% Added +2.6k +2,637
87 BRANDYWINE OAK PRIVATE WEALTH LLC 0.13% of their portfolio Kennett Square, PA 23,07323.1k $1.4m $1.4m 0.13% Added +8.5k +8,518
88 Archer Investment Management, LLC 0.98% of their portfolio AUSTIN, TX 23,06223.1k $1.4m $1.4m 0.98% Reduced -7.6k -7,632
89 Smith Anglin Financial, LLC 0.12% of their portfolio DALLAS, TX 22,89122.9k $1.3m $1.3m 0.12% Added +2.8k +2,773
90 Freestone Capital Holdings, LLC 0.04% of their portfolio Seattle, WA 22,51222.5k $1.3m $1.3m 0.04% Added +4.3k +4,307
91 Global Retirement Partners, LLC 0.03% of their portfolio San Rafael, CA 22,47722.5k $1.3m $1.3m 0.03% First filing
92 BBR PARTNERS, LLC 0.08% of their portfolio NEW YORK, NY 21,50021.5k $1.3m $1.3m 0.08% Unchanged
93 TRUE Private Wealth Advisors 0.14% of their portfolio Salem, OR 21,25621.3k $1.2m $1.2m 0.14% Added +2.4k +2,427
94 U.S. Capital Wealth Advisors, LLC 0.04% of their portfolio AUSTIN, TX 21,13021.1k $1.2m $1.2m 0.04% Added +770 +770
95 Mariner, LLC 0.00% of their portfolio Overland Park, KS 20,87120.9k $1.2m $1.2m 0.00% New
96 Arete Wealth Advisors, LLC 0.08% of their portfolio CHICAGO, IL 19,80519.8k $1.2m $1.2m 0.08% Added +943 +943
97 Pekin Hardy Strauss, Inc. 0.13% of their portfolio CHICAGO, IL 19,70519.7k $1.2m $1.2m 0.13% Reduced -2.7k -2,700
98 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 19,12019.1k $1.1m $1.1m 0.00% Reduced -1.1k -1,120
99 Bonfire Financial 0.92% of their portfolio COLORADO SPRINGS, CO 19,06419.1k $1.1m $1.1m 0.92% Added +1.7k +1,659
100 FISCHER INVESTMENT STRATEGIES, LLC 0.75% of their portfolio Westlake Village, CA 18,99319.0k $1.1m $1.1m 0.75% New