Vault-13

BITWISE FUNDS TRUST BITQ

CRYPTO INDUSTRY · ETP · CUSIP 09175C103

97 institutional holders +94 vs Q3 2025
8,494,8198.5m shares reported held*
$169.7mreported value*
90 new 0 added 1 reduced 0 sold out net bought ≈ $166.6m (+8.4m 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 ≈ $19.98. Options: 4 managers hold calls ($853.0k notional), 3 hold puts ($546.1k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 25: 3Q4 25: 9797Q3 25Q4 25
Numbers
QuarterHolders
Q3 20253
Q4 202597

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $853.0kQ4 25 puts: $546.1kQ4 25P/C 0.64
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$853.0k$546.1k0.64

Biggest buyers

MORGAN STANLEY New +3,910,750+3.9m
STIFEL FINANCIAL CORP New +616,060+616.1k
CITIGROUP INC New +403,950+403.9k
Cetera Investment Advisers New +375,896+375.9k
Sanctuary Advisors, LLC New +305,100+305.1k
ROYAL BANK OF CANADA New +264,679+264.7k
Orion Porfolio Solutions, LLC New +162,089+162.1k
ENVESTNET ASSET MANAGEMENT INC New +153,904+153.9k
Salus Financial Advisors, LLC New +136,421+136.4k
LRI Investments, LLC New +132,727+132.7k

Biggest sellers

Sunbelt Securities, Inc. Reduced -100-100

Biggest calls

CITADEL ADVISORS LLC New $578.0k29.0k shares
JANE STREET GROUP, LLC New $245.1k12.3k shares
GROUP ONE TRADING LLC New $15.9k800 shares
SIMPLEX TRADING, LLC New $14.0k700 shares

Biggest puts

CITADEL ADVISORS LLC New $524.2k26.3k shares
GROUP ONE TRADING LLC New $19.9k1.0k shares
SIMPLEX TRADING, LLC New $2.0k100 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.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,910,7503.9m $77.9m $77.9m 0.00% New
2 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 616,060616.1k $12.3m $12.3m 0.01% New
3 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 403,950403.9k $8.1m $8.1m 0.01% New
4 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 375,896375.9k $7.5m $7.5m 0.01% New
5 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 305,100305.1k $6.1m $6.1m 0.03% New
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 264,679264.7k $5.3m $5.3m 0.00% New
7 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 162,089162.1k $3.2m $3.2m 0.02% New
8 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 153,904153.9k $3.1m $3.1m 0.00% New
9 Salus Financial Advisors, LLC 1.63% of their portfolio COLORADO SPRINGS, CO 136,421136.4k $2.7m $2.7m 1.63% New
10 LRI Investments, LLC 0.21% of their portfolio PALM BEACH GARDENS, FL 132,727132.7k $2.6m $2.6m 0.21% New
11 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 130,886130.9k $2.6m $2.6m 0.01% New
12 Mariner, LLC 0.00% of their portfolio Overland Park, KS 125,852125.9k $2.5m $2.5m 0.00% New
13 Oasis Advisors, LLC 1.21% of their portfolio FOREST CITY, IA 114,399114.4k $2.3m $2.3m 1.21% First filing
14 Founders Capital Management 0.95% of their portfolio HOUSTON, TX 92,16092.2k $1.8m $1.8m 0.95% New
15 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 91,05891.1k $1.8m $1.8m 0.00% New
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 87,94287.9k $1.8m $1.8m 0.00% New
17 Strategic Family Wealth Counselors, L.L.C. 0.43% of their portfolio FAIRFIELD, NJ 83,93083.9k $1.9m $1.9m 0.43% New
18 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 75,15675.2k $1.5m $1.5m 0.00% New
19 Gainplan LLC 0.49% of their portfolio BLOOMFIELD HILLS, MI 65,53165.5k $1.3m $1.3m 0.49% New
20 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 63,17763.2k $1.3m $1.3m 0.01% New
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 58,57058.6k $1.3m $1.3m 0.00% New
22 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 58,31758.3k $1.2m $1.2m 0.00% New
23 Soltis Investment Advisors LLC 0.07% of their portfolio ST. GEORGE, UT 56,96757.0k $1.1m $1.1m 0.07% New
24 Integrated Advisors Network LLC 0.05% of their portfolio DALLAS, TX 53,95854.0k $1.1m $1.1m 0.05% New
25 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 45,69445.7k $910.7k $910.7k 0.00% New
26 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 45,68345.7k $910.0k $910.0k 0.00% New
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 45,38345.4k $904.5k $904.5k 0.00% New
28 OPTIMA CAPITAL LLC 0.36% of their portfolio PORTLAND, OR 41,99242.0k $836.9k $836.9k 0.36% New
29 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 41,36741.4k $824.4k $824.4k 0.01% New
30 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 39,79239.8k $793.0k $793.0k 0.03% New
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 37,04437.0k $738.3k $738.3k 0.00% New
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 34,77334.8k $693.0k $693.0k 0.00% New
33 AdvisorNet Financial, Inc 0.03% of their portfolio MINNETONKA, MN 32,31332.3k $644.0k $644.0k 0.03% New
34 Wellspring Financial Advisors, LLC 0.05% of their portfolio CLEVELAND, OH 31,38731.4k $625.5k $625.5k 0.05% New
35 FISCHER INVESTMENT STRATEGIES, LLC 0.36% of their portfolio Westlake Village, CA 30,86530.9k $615.1k $615.1k 0.36% New
36 Ausdal Financial Partners, Inc. 0.03% of their portfolio Davenport, IA 28,40128.4k $566.0k $566.0k 0.03% New
37 MONEY CONCEPTS CAPITAL CORP 0.03% of their portfolio PALM BEACH GARDENS, FL 26,34726.3k $525.1k $525.1k 0.03% New
38 MCF Advisors LLC 0.03% of their portfolio LEXINGTON, KY 25,72025.7k $512.6k $512.6k 0.03% New
39 ROTHSCHILD INVESTMENT LLC 0.03% of their portfolio CHICAGO, IL 24,25024.2k $483.3k $483.3k 0.03% New
40 Betterment LLC 0.00% of their portfolio NEW YORK, NY 24,17824.2k $482.0k $482.0k 0.00% New
41 Essex Financial Services, Inc. 0.03% of their portfolio ESSEX, CT 23,76323.8k $473.6k $473.6k 0.03% New
42 B. Riley Wealth Advisors, Inc. 0.02% of their portfolio MEMPHIS, TN 20,94320.9k $417.4k $417.4k 0.02% New
43 BRANDYWINE OAK PRIVATE WEALTH LLC 0.03% of their portfolio Kennett Square, PA 19,99720.0k $398.5k $398.5k 0.03% New
44 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 18,46818.5k $368.1k $368.1k 0.00% New
45 Oxinas Partners, LLC 0.17% of their portfolio JEFFERSONVILLE, IN 17,60017.6k $350.8k $350.8k 0.17% New
46 Arete Wealth Advisors, LLC 0.02% of their portfolio CHICAGO, IL 15,85015.8k $315.9k $315.9k 0.02% New
47 Claro Advisors Inc. 0.04% of their portfolio BOSTON, MA 14,94914.9k $297.9k $297.9k 0.04% New
48 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 13,48013.5k $268.7k $268.7k 0.00% New
49 Apeiron RIA LLC 0.06% of their portfolio Dallas, TX 13,25013.2k $273.0k $273.0k 0.06% New
50 Keel Point, LLC 0.02% of their portfolio HUNTSVILLE, AL 12,81212.8k $255.3k $255.3k 0.02% New
51 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 12,44612.4k $248.0k $248.0k 0.00% New
52 Go Invest LLC 0.07% of their portfolio WEST JORDAN, UT 11,27911.3k $224.8k $224.8k 0.07% First filing
53 Werba Rubin Papier Wealth Management 0.06% of their portfolio SAN JOSE, CA 11,22111.2k $223.6k $223.6k 0.06% New
54 WCG Wealth Advisors LLC 0.01% of their portfolio LAS VEGAS, NV 11,11811.1k $221.6k $221.6k 0.01% New
55 Balboa Wealth Partners 0.04% of their portfolio SCOTTSDALE, AZ 10,75010.8k $214.2k $214.2k 0.04% New
56 Conservest Capital Advisors, Inc. 0.02% of their portfolio WYNNEWOOD, PA 10,66610.7k $212.6k $212.6k 0.02% New
57 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 10,55510.6k $210.3k $210.3k 0.00% New
58 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 10,14310.1k $202.2k $202.2k 0.01% New
59 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,4998.5k $169.4k $169.4k 0.00% New
60 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 8,0978.1k $161.4k $161.4k 0.01% Reduced -100 -100
61 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7,1387.1k $142.3k $142.3k 0.00% New
62 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 6,2016.2k $123.6k $123.6k 0.00% New
63 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,8254.8k $96.2k $96.2k 0.00% New
64 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,4933.5k $69.6k $69.6k 0.00% New
65 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,4423.4k $68.6k $68.6k 0.00% New
66 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 2,1492.1k $52.1k $52.1k 0.00% New
67 Main Management LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,0962.1k $42.0k $42.0k 0.00% Unchanged
68 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,5841.6k $31.6k $31.6k 0.00% New
69 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,2141.2k $24.2k $24.2k 0.00% New
70 SJS Investment Consulting Inc. 0.00% of their portfolio SYLVANIA, OH 1,2001.2k $23.9k $23.9k 0.00% New
71 DHJJ Financial Advisors, Ltd. 0.01% of their portfolio NAPERVILLE, IL 1,1421.1k $22.8k $22.8k 0.01% New
72 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,0441.0k $20.8k $20.8k 0.00% New
73 Cornerstone Planning Group LLC 0.00% of their portfolio FAIRFIELD, NJ 1,0091.0k $23.7k $23.7k 0.00% New
74 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $19.9k $19.9k 0.00% New
75 Comprehensive Financial Planning, Inc./PA 0.01% of their portfolio EAST PETERSBURG, PA 1,0001.0k $19.9k $19.9k 0.01% New
76 COMERICA BANK 0.00% of their portfolio DALLAS, TX 920920 $18.3k $18.3k 0.00% New
77 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 758758 $15.1k $15.1k 0.00% New
78 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 500500 $10.0k $10.0k 0.00% New
79 NVWM, LLC 0.00% of their portfolio YARDLEY, PA 500500 $10.0k $10.0k 0.00% New
80 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 485485 $9.7k $9.7k 0.00% New
81 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 393393 $7.8k $7.8k 0.00% New
82 Acumen Wealth Advisors, LLC 0.00% of their portfolio CHATTANOOGA, TN 370370 $7.4k $7.4k 0.00% First filing
83 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 309309 $6.2k $6.2k 0.00% New
84 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 282282 $5.5k $5.5k 0.00% New
85 Tradewinds Capital Management, LLC 0.00% of their portfolio BELLINGHAM, WA 200200 $4.0k $4.0k 0.00% New
86 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 197197 $3.9k $3.9k 0.00% New
87 FMR LLC 0.00% of their portfolio BOSTON, MA 159159 $3.2k $3.2k 0.00% New
88 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 139139 $2.8k $2.8k 0.00% New
89 Beacon Capital Management, Inc. 0.00% of their portfolio DAYTON, OH 9595 $1.9k $1.9k 0.00% New
90 Nvest Wealth Strategies, Inc. 0.00% of their portfolio POWELL, OH 9292 $1.8k $1.8k 0.00% First filing
91 Aspect Partners, LLC 0.00% of their portfolio FAIRFAX, VA 8585 $1.7k $1.7k 0.00% New
92 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 8484 $1.7k $1.7k 0.00% New
93 Caitlin John, LLC 0.00% of their portfolio BRIGHTON, MI 7575 $1.5k $1.5k 0.00% New
94 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 4949 $977 $977 0.00% New
95 Vision Retirement, LLC 0.00% of their portfolio RIDGEWOOD, NJ 2626 $518 $518 0.00% First filing
96 TFC Financial Management, Inc. 0.00% of their portfolio BOSTON, MA 88 $160 $160 0.00% New
97 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 22 $40 $40 0.00% New