Vault-13

FIDELITY WISE ORIGIN BITCOIN FBTC

SHS · ETP · CUSIP 315948109

534 institutional holders +3 vs Q4 2024
49,115,12349.1m shares reported held*
$3.5bnreported value*
64 new 264 added 106 reduced 60 sold out net sold ≈ $827.8m (-11.5m 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 ≈ $72.01. Options: 11 managers hold calls ($149.6m notional), 11 hold puts ($90.5m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q1 24: 248Q2 24: 316Q3 24: 345Q4 24: 531Q1 25: 534534Q1 24Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q1 2024248
Q2 2024316
Q3 2024345
Q4 2024531
Q1 2025534

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 223 bought or addedQ2 24: 76 cut or sold outQ2 24Q3 24: 210 bought or addedQ3 24: 91 cut or sold outQ3 24Q4 24: 372 bought or addedQ4 24: 96 cut or sold outQ4 24Q1 25: 328 bought or addedQ1 25: 166 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202422376
Q3 202421091
Q4 202437296
Q1 2025328166

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $97.3mQ4 24 puts: $109.9mQ4 24P/C 1.13Q1 25 calls: $149.6mQ1 25 puts: $90.5mQ1 25P/C 0.60
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$97.3m$109.9m1.13
Q1 2025$149.6m$90.5m0.60

Biggest buyers

JANE STREET GROUP, LLC Added +3,420,390+3.4m
Sculptor Capital LP Added +1,386,777+1.4m
Trans-Canada Capital Inc. New +486,342+486.3k
Patient Capital Management, LLC Added +314,623+314.6k
Cresset Asset Management, LLC Added +159,246+159.2k
Virtu Financial LLC Added +89,741+89.7k
ENVESTNET ASSET MANAGEMENT INC Added +89,709+89.7k
DRW Securities, LLC Added +87,872+87.9k
KALEIDOSCOPE CAPITAL LP Added +77,256+77.3k
BlackRock, Inc. New +70,971+71.0k

Biggest sellers

Bracebridge Capital, LLC Sold out -3,968,000-4.0m
D. E. Shaw & Co., Inc. Reduced -2,426,000-2.4m
HBK INVESTMENTS L P Reduced -2,364,370-2.4m
MILLENNIUM MANAGEMENT LLC Reduced -1,547,762-1.5m
Schonfeld Strategic Advisors LLC Reduced -1,343,584-1.3m
Capula Management Ltd Reduced -1,150,966-1.2m
WOLVERINE ASSET MANAGEMENT LLC Reduced -822,115-822.1k
GOLDMAN SACHS GROUP INC Reduced -804,105-804.1k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -686,972-687.0k
ParaFi Capital LP Reduced -590,000-590.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $47.3m657.3k shares
CITADEL ADVISORS LLC Added $44.4m616.4k shares
JANE STREET GROUP, LLC Added $25.8m358.5k shares
IMC-Chicago, LLC Added $12.4m172.3k shares
SIMPLEX TRADING, LLC Added $9.6m133.0k shares
WOLVERINE TRADING, LLC Added $5.2m71.2k shares
GROUP ONE TRADING LLC Added $2.3m31.8k shares
Walleye Trading LLC Added $2.0m27.8k shares
Belvedere Trading LLC Added $482.2k6.7k shares
Presidio Capital Management, LLC New $215.9k3.0k shares

Biggest puts

GOLDMAN SACHS GROUP INC Reduced $54.0m750.0k shares
CITADEL ADVISORS LLC Added $10.1m140.7k shares
JANE STREET GROUP, LLC Added $8.6m119.4k shares
IMC-Chicago, LLC Added $6.8m94.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.6m63.9k shares
SIMPLEX TRADING, LLC Added $4.5m62.1k shares
Ursa Fund Management, LLC New $1.3m18.0k shares
Walleye Trading LLC Added $561.4k7.8k shares
GROUP ONE TRADING LLC Added $43.2k600 shares
Belvedere Trading LLC Unchanged $21.6k300 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 0.49% of their portfolio NEW YORK, NY 6,955,7127.0m $500.6m $500.6m 0.49% Reduced -1.5m -1,547,762
2 JANE STREET GROUP, LLC 0.87% of their portfolio NEW YORK, NY 6,761,4636.8m $486.6m $486.6m 0.87% Added +3.4m +3,420,390
3 Capula Management Ltd 2.29% of their portfolio Grand Cayman, E9 4,299,1124.3m $309.4m $309.4m 2.29% Reduced -1.2m -1,150,966
4 Schonfeld Strategic Advisors LLC 2.03% of their portfolio NEW YORK, NY 4,187,2814.2m $301.4m $301.4m 2.03% Reduced -1.3m -1,343,584
5 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,726,3812.7m $196.2m $196.2m 0.04% Reduced -804.1k -804,105
6 Sculptor Capital LP 3.53% of their portfolio New York, NY 2,188,7272.2m $157.5m $157.5m 3.53% Added +1.4m +1,386,777
7 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 1,952,0002.0m $140.4m $140.4m 0.17% Reduced -2.4m -2,426,000
8 Almitas Capital LLC 39.46% of their portfolio SANTA MONICA, CA 1,652,4091.7m $118.9m $118.9m 39.46% Reduced -79.6k -79,585
9 Pine Ridge Advisers LLC 5.48% of their portfolio NEW YORK, NY 889,647889.6k $64.0m $64.0m 5.48% Unchanged
10 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 784,992785.0k $56.5m $56.5m 0.02% Added +89.7k +89,709
11 Patient Capital Management, LLC 2.30% of their portfolio BALTIMORE, MD 620,226620.2k $44.6m $44.6m 2.30% Added +314.6k +314,623
12 ParaFi Capital LP 20.52% of their portfolio NEW YORK, NY 585,000585.0k $42.1m $42.1m 20.52% Reduced -590.0k -590,000
13 United Capital Management of KS, Inc. 8.43% of their portfolio SALINA, KS 567,244567.2k $40.8m $40.8m 8.43% Reduced -2.2k -2,208
14 Cresset Asset Management, LLC 0.19% of their portfolio Chicago, IL 529,291529.3k $38.1m $38.1m 0.19% Added +159.2k +159,246
15 Mariner, LLC 0.06% of their portfolio Overland Park, KS 521,560521.6k $37.5m $37.5m 0.06% Added +56.4k +56,352
16 Beaumont Financial Advisors, LLC 2.75% of their portfolio NEEDHAM, MA 487,554487.6k $35.1m $35.1m 2.75% Reduced -3.7k -3,700
17 Trans-Canada Capital Inc. 2.80% of their portfolio MONTREAL, A8 486,342486.3k $35.0m $35.0m 2.80% New
18 HBK INVESTMENTS L P 0.55% of their portfolio DALLAS, TX 440,666440.7k $31.7m $31.7m 0.55% Reduced -2.4m -2,364,370
19 EverSource Wealth Advisors, LLC 1.43% of their portfolio BIRMINGHAM, AL 362,016362.0k $26.1m $26.1m 1.43% Added +32.5k +32,537
20 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 313,804313.8k $22.6m $22.6m 0.03% Added +8.1k +8,117
21 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 313,432313.4k $22.6m $22.6m 0.00% Unchanged
22 Legacy Wealth Asset Management, LLC 6.12% of their portfolio WOODBURY, MN 307,686307.7k $22.1m $22.1m 6.12% Added +428 +428
23 Van Hulzen Asset Management, LLC 1.72% of their portfolio EL DORADO HILLS, CA 261,497261.5k $18.8m $18.8m 1.72% Added +2.1k +2,130
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 229,103229.1k $16.5m $16.5m 0.03% Reduced -428.4k -428,430
25 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 216,588216.6k $15.6m $15.6m 0.02% Added +45.2k +45,194
26 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 1.36% of their portfolio Englewood, NJ 212,641212.6k $15.3m $15.3m 1.36% Reduced -252.8k -252,755
27 Atlas Wealth Partners, LLC 18.66% of their portfolio WYOMISSING, PA 210,270210.3k $15.1m $15.1m 18.66% Added +3.2k +3,202
28 Compass Ion Advisors, LLC 1.57% of their portfolio CONSHOHOCKEN, PA 184,730184.7k $13.3m $13.3m 1.57% Added +8.2k +8,174
29 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 184,212184.2k $13.3m $13.3m 0.06% Reduced -21.2k -21,167
30 Tidal Investments LLC 0.11% of their portfolio Milwaukee, WI 182,017182.0k $13.1m $13.1m 0.11% Reduced -25.3k -25,331
31 SKY-MOUNTAIN CAPITAL MANAGEMENT, INC. 10.17% of their portfolio KETCHUM, ID 166,942166.9k $12.0m $12.0m 10.17% First filing
32 WOLVERINE ASSET MANAGEMENT LLC 0.23% of their portfolio CHICAGO, IL 161,813161.8k $11.6m $11.6m 0.23% Reduced -822.1k -822,115
33 Claar Advisors LLC 3.75% of their portfolio NEW YORK, NY 154,434154.4k $11.1m $11.1m 3.75% Added +59.3k +59,334
34 Marex Group Ltd 0.21% of their portfolio London, X0 151,072151.1k $10.9m $10.9m 0.21% Reduced -17.8k -17,828
35 KALEIDOSCOPE CAPITAL LP 6.05% of their portfolio BOSTON, MA 141,315141.3k $10.2m $10.2m 6.05% Added +77.3k +77,256
36 Consolidated Portfolio Review Corp 1.62% of their portfolio WOODBURY, NY 140,818140.8k $10.1m $10.1m 1.62% Added +12.7k +12,733
37 Parcion Private Wealth LLC 0.81% of their portfolio BELLEVUE, WA 137,636137.6k $9.9m $9.9m 0.81% Reduced -14.4k -14,385
38 Heck Capital Advisors, LLC 1.07% of their portfolio Rhinelander, WI 132,735132.7k $9.6m $9.6m 1.07% Reduced -14.2k -14,199
39 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 132,209132.2k $9.5m $9.5m 0.02% Added +41.9k +41,900
40 StoneX Group Inc. 0.49% of their portfolio NEW YORK, NY 124,192124.2k $8.9m $8.9m 0.49% Added +656 +656
41 Newtyn Management, LLC 1.37% of their portfolio NEW YORK, NY 120,200120.2k $8.7m $8.7m 1.37% Unchanged
42 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 119,367119.4k $8.6m $8.6m 0.01% Added +4.4k +4,424
43 SIMPLEX TRADING, LLC 0.30% of their portfolio CHICAGO, IL 119,045119.0k $8.6m $8.6m 0.30% Reduced -44.7k -44,699
44 FLOW TRADERS U.S. LLC 0.35% of their portfolio NEW YORK, NY 114,799114.8k $8.3m $8.3m 0.35% Reduced -96.2k -96,244
45 DRW Securities, LLC 0.69% of their portfolio CHICAGO, IL 112,409112.4k $8.1m $8.1m 0.69% Added +87.9k +87,872
46 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 111,035111.0k $8.0m $8.0m 0.01% Added +51.1k +51,127
47 Allegheny Financial Group 1.95% of their portfolio Pittsburgh, PA 105,484105.5k $7.6m $7.6m 1.95% Added +36.7k +36,738
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 105,272105.3k $7.6m $7.6m 0.01% Added +16.1k +16,092
49 Fiduciary Trust Co 0.10% of their portfolio Boston, MA 105,171105.2k $7.6m $7.6m 0.10% Added +20.2k +20,224
50 IEQ CAPITAL, LLC 0.06% of their portfolio Foster City, CA 102,927102.9k $7.4m $7.4m 0.06% Added +42.7k +42,719
51 Traynor Capital Management, Inc. 0.59% of their portfolio MALVERN, PA 97,54997.5k $7.0m $7.0m 0.59% Added +68.3k +68,288
52 Senator Investment Group LP 0.37% of their portfolio New York, NY 97,04197.0k $7.0m $7.0m 0.37% Added +50.5k +50,539
53 Virtu Financial LLC 0.38% of their portfolio New York, NY 95,95896.0k $6.9m $6.9m 0.38% Added +89.7k +89,741
54 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 95,24795.2k $6.9m $6.9m 0.02% Added +47 +47
55 Alamea Verwaltungs GmbH 5.87% of their portfolio Edison, NJ 94,37194.4k $6.8m $6.8m 5.87% First filing
56 QTR Family Wealth, LLC 4.83% of their portfolio LAKE MARY, FL 89,08789.1k $6.4m $6.4m 4.83% First filing
57 Modus Advisors, LLC 2.10% of their portfolio EXCELSIOR, MN 89,03089.0k $6.4m $6.4m 2.10% Reduced -840 -840
58 Brookstone Capital Management 0.09% of their portfolio WHEATON, IL 86,51286.5k $6.2m $6.2m 0.09% Added +228 +228
59 KESTRA PRIVATE WEALTH SERVICES, LLC 0.10% of their portfolio AUSTIN, TX 84,40484.4k $6.1m $6.1m 0.10% Added +8.4k +8,357
60 KINGSWOOD WEALTH ADVISORS, LLC 0.55% of their portfolio SAN DIEGO, CA 84,21584.2k $6.1m $6.1m 0.55% Added +2.6k +2,606
61 Integrated Advisors Network LLC 0.31% of their portfolio DALLAS, TX 84,13084.1k $6.1m $6.1m 0.31% Added +1.6k +1,557
62 COURAGE CAPITAL MANAGEMENT LLC 11.95% of their portfolio NASHVILLE, TN 81,32181.3k $5.9m $5.9m 11.95% Added +11.4k +11,450
63 Copperleaf Capital, LLC 3.47% of their portfolio CONCORD, NC 80,56980.6k $5.8m $5.8m 3.47% Added +25.0k +25,049
64 Citrine Capital LLC 3.62% of their portfolio SAN FRANCISCO, CA 80,48580.5k $5.8m $5.8m 3.62% Added +9.3k +9,288
65 Sowell Financial Services LLC 0.26% of their portfolio NORTH LITTLE ROCK, AR 80,07380.1k $5.8m $5.8m 0.26% Added +7.2k +7,226
66 CWM, LLC 0.02% of their portfolio OMAHA, NE 79,21779.2k $5.7m $5.7m 0.02% Added +30.9k +30,878
67 Pasadena Private Wealth, LLC 1.09% of their portfolio PASADENA, CA 78,81178.8k $5.7m $5.7m 1.09% Added +2.7k +2,713
68 EXENCIAL WEALTH ADVISORS, LLC 0.21% of their portfolio OKLAHOMA CITY, OK 77,23077.2k $5.6m $5.6m 0.21% Reduced -25.6k -25,649
69 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 76,26476.3k $5.5m $5.5m 0.01% Added +453 +453
70 MAD RIVER INVESTORS 2.29% of their portfolio BOSTON, MA 75,05375.1k $5.4m $5.4m 2.29% Reduced -1.2k -1,245
71 Advisory Services Network, LLC 0.10% of their portfolio ATLANTA, GA 72,05072.0k $5.2m $5.2m 0.10% Added +42.3k +42,316
72 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 71,75371.8k $5.2m $5.2m 0.00% Reduced -7.2k -7,210
73 BlackRock, Inc. 0.00% of their portfolio New York, NY 70,97171.0k $5.1m $5.1m 0.00% New
74 BECK CAPITAL MANAGEMENT, LLC 1.37% of their portfolio AUSTIN, TX 64,81164.8k $4.7m $4.7m 1.37% Added +6.1k +6,121
75 ALTFEST L J & CO INC 0.58% of their portfolio NEW YORK, NY 64,18364.2k $4.6m $4.6m 0.58% Reduced -14.8k -14,763
76 Lindbrook Capital, LLC 0.41% of their portfolio CALABASAS, CA 61,83761.8k $4.5m $4.5m 0.41% Added +58.7k +58,667
77 PARK AVENUE SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 61,40161.4k $4.4m $4.4m 0.05% Added +17.4k +17,436
78 TOWNSQUARE CAPITAL LLC 0.05% of their portfolio Lehi, UT 60,39060.4k $4.3m $4.3m 0.05% Added +2.7k +2,658
79 Beaird Harris Wealth Management, LLC 0.37% of their portfolio DALLAS, TX 59,69759.7k $4.3m $4.3m 0.37% Reduced -671 -671
80 Avenir Tech Ltd 0.57% of their portfolio CENTRAL, HONG KONG, K3 58,62758.6k $4.2m $4.2m 0.57% Added +6.1k +6,083
81 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 58,13058.1k $4.2m $4.2m 0.01% Reduced -21.5k -21,529
82 Aptus Capital Advisors, LLC 0.05% of their portfolio FAIRHOPE, AL 56,06356.1k $4.0m $4.0m 0.05% Added +25.5k +25,497
83 Smart Money Group LLC 1.36% of their portfolio EASTLAND, TX 55,56255.6k $4.0m $4.0m 1.36% Added +3.9k +3,879
84 Spire Wealth Management 0.12% of their portfolio MCLEAN, VA 53,01753.0k $3.8m $3.8m 0.12% Reduced -1.9k -1,941
85 Cambridge Advisors Inc. 0.82% of their portfolio OMAHA, NE 52,17652.2k $3.8m $3.8m 0.82% Added +3.0k +3,042
86 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 52,08952.1k $3.7m $3.7m 0.00% Added +2.2k +2,177
87 PYA Waltman Capital, LLC 1.14% of their portfolio KNOXVILLE, TN 50,22950.2k $3.6m $3.6m 1.14% Added +4.9k +4,898
88 SevenBridge Financial Group, LLC 0.88% of their portfolio HARRISBURG, PA 50,09450.1k $4.5m $4.5m 0.88% Added +16.3k +16,323
89 Farringdon Capital, Ltd. 1.81% of their portfolio LONDON, X0 49,81649.8k $3.6m $3.6m 1.81% Added +24.1k +24,124
90 Milestone Asset Management Group, LLC 3.18% of their portfolio AVON, CT 48,81748.8k $3.5m $3.5m 3.18% Added +1.5k +1,540
91 Fiduciary Alliance LLC 0.33% of their portfolio GREENVILLE, SC 46,36346.4k $3.3m $3.3m 0.33% Reduced -557 -557
92 AM INVESTMENT STRATEGIES LLC 0.79% of their portfolio CHATTANOOGA, TN 45,21645.2k $3.3m $3.3m 0.79% Added +2.1k +2,101
93 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 42,91142.9k $3.1m $3.1m 0.02% Reduced -1.5k -1,486
94 NWAM LLC 0.27% of their portfolio MERCER ISLAND, WA 42,85842.9k $3.1m $3.1m 0.27% Reduced -903 -903
95 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 41,08241.1k $3.0m $3.0m 0.01% Added +2.9k +2,920
96 PANORAMIC INVESTMENT ADVISORS, LLC 1.94% of their portfolio DENVER, CO 39,87239.9k $2.9m $2.9m 1.94% Added +661 +661
97 Mutual Advisors, LLC 0.09% of their portfolio OMAHA, NE 39,65839.7k $3.3m $3.3m 0.09% Added +29.3k +29,287
98 AVAII WEALTH MANAGEMENT, LLC 1.52% of their portfolio APPLETON, WI 39,51939.5k $2.8m $2.8m 1.52% Added +3.7k +3,700
99 VISTA INVESTMENT PARTNERS II, LLC 1.54% of their portfolio RICHMOND, IN 38,61238.6k $2.8m $2.8m 1.54% Added +1.5k +1,504
100 SFMG, LLC 0.22% of their portfolio PLANO, TX 38,54038.5k $2.8m $2.8m 0.22% Added +1.2k +1,178