Vault-13

FIDELITY WISE ORIGIN BITCOIN FBTC

SHS · ETP · CUSIP 315948109

646 institutional holders -31 vs Q4 2025
35,171,06035.2m shares reported held*
$2.1bnreported value*
72 new 291 added 147 reduced 95 sold out net sold ≈ $415.5m (-7.0m 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 ($17.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.24. Options: 9 managers hold calls ($217.6m notional), 11 hold puts ($160.6m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0250500750Q1 24: 248Q2 24: 316Q3 24: 345Q4 24: 531Q1 25: 534Q2 25: 623Q3 25: 683Q4 25: 677Q1 26: 646646Q1 24Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q1 2024248
Q2 2024316
Q3 2024345
Q4 2024531
Q1 2025534
Q2 2025623
Q3 2025683
Q4 2025677
Q1 2026646

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 24: 223 bought or addedQ2 24: 76 cut or sold outQ3 24: 210 bought or addedQ3 24: 91 cut or sold outQ3 24Q4 24: 372 bought or addedQ4 24: 96 cut or sold outQ1 25: 328 bought or addedQ1 25: 166 cut or sold outQ1 25Q2 25: 396 bought or addedQ2 25: 153 cut or sold outQ3 25: 438 bought or addedQ3 25: 145 cut or sold outQ3 25Q4 25: 390 bought or addedQ4 25: 253 cut or sold outQ1 26: 363 bought or addedQ1 26: 242 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202422376
Q3 202421091
Q4 202437296
Q1 2025328166
Q2 2025396153
Q3 2025438145
Q4 2025390253
Q1 2026363242

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ2 25 calls: $242.8mQ2 25 puts: $346.1mQ2 25P/C 1.43Q3 25 calls: $375.2mQ3 25 puts: $582.4mQ3 25P/C 1.55Q4 25 calls: $240.3mQ4 25 puts: $221.6mQ4 25P/C 0.92Q1 26 calls: $217.6mQ1 26 puts: $160.6mQ1 26P/C 0.74
Numbers
QuarterCallsPutsP/C
Q2 2025$242.8m$346.1m1.43
Q3 2025$375.2m$582.4m1.55
Q4 2025$240.3m$221.6m0.92
Q1 2026$217.6m$160.6m0.74

Biggest buyers

Tidal Investments LLC New +543,781+543.8k
DIVERSIFY WEALTH MANAGEMENT, LLC Added +222,552+222.6k
Schonfeld Strategic Advisors LLC Added +180,300+180.3k
MORGAN STANLEY Added +160,263+160.3k
Private Advisor Group, LLC Added +140,533+140.5k
Claar Advisors LLC Added +120,767+120.8k
KALEIDOSCOPE CAPITAL LP Added +105,052+105.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +104,099+104.1k
Cetera Investment Advisers Added +92,543+92.5k
Wealth Quarterback LLC Added +92,000+92.0k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -4,532,907-4.5m
JANE STREET GROUP, LLC Reduced -2,881,797-2.9m
United Capital Management of KS, Inc. Reduced -552,893-552.9k
Patient Capital Management, LLC Reduced -427,864-427.9k
WINTON GROUP Ltd Reduced -303,851-303.9k
Heck Capital Advisors, LLC Reduced -241,123-241.1k
Sculptor Capital LP Sold out -223,595-223.6k
Bayshore Capital Advisors, LLC Reduced -123,175-123.2k
CITADEL ADVISORS LLC Sold out -113,963-114.0k
Marex Group Ltd Reduced -111,682-111.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $58.6m992.4k shares
CITADEL ADVISORS LLC Added $58.2m985.5k shares
Tidal Investments LLC New $32.0m542.3k shares
JANE STREET GROUP, LLC Reduced $20.9m353.4k shares
IMC-Chicago, LLC Reduced $18.4m312.5k shares
SIMPLEX TRADING, LLC New $17.2m290.7k shares
GROUP ONE TRADING LLC Added $6.1m102.7k shares
Walleye Trading LLC Reduced $5.6m95.0k shares
OLD MISSION CAPITAL LLC Added $670.8k564.6k shares

Biggest puts

LMR Partners LLP Unchanged $56.6m958.2k shares
Graham Capital Management, L.P. Reduced $41.1m696.2k shares
JANE STREET GROUP, LLC Added $26.8m453.5k shares
CITADEL ADVISORS LLC Added $14.2m241.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.6m162.8k shares
IMC-Chicago, LLC Reduced $6.4m108.3k shares
Walleye Trading LLC Reduced $3.4m57.7k shares
SIMPLEX TRADING, LLC New $1.7m28.7k shares
SYMMETRY PEAK MANAGEMENT LLC New $442.7k7.5k shares
GROUP ONE TRADING LLC Added $377.8k6.4k 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 2026

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 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 2,760,2232.8m $162.9m $162.9m 0.12% Reduced -4.5m -4,532,907
2 Schonfeld Strategic Advisors LLC 1.22% of their portfolio NEW YORK, NY 2,530,2362.5m $149.4m $149.4m 1.22% Added +180.3k +180,300
3 JANE STREET GROUP, LLC 0.12% of their portfolio NEW YORK, NY 1,954,1742.0m $115.4m $115.4m 0.12% Reduced -2.9m -2,881,797
4 Almitas Capital LLC 20.50% of their portfolio SANTA MONICA, CA 1,536,6371.5m $90.7m $90.7m 20.50% Unchanged
5 CANTOR FITZGERALD, L. P. 2.74% of their portfolio NEW YORK, NY 1,280,9311.3m $75.6m $75.6m 2.74% Unchanged
6 ParaFi Capital LP 19.49% of their portfolio NEW YORK, NY 1,050,0001.1m $62.0m $62.0m 19.49% Reduced -40.0k -40,000
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 852,949852.9k $50.3m $50.3m 0.00% Added +160.3k +160,263
8 Pine Ridge Advisers LLC 3.50% of their portfolio NEW YORK, NY 834,367834.4k $49.3m $49.3m 3.50% Unchanged
9 Consolidated Portfolio Review Corp 4.50% of their portfolio WOODBURY, NY 834,367834.4k $49.3m $49.3m 4.50% Unchanged
10 Mariner, LLC 0.04% of their portfolio Overland Park, KS 627,534627.5k $37.0m $37.0m 0.04% Added +29.1k +29,073
11 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 609,080609.1k $36.0m $36.0m 0.01% Added +75.0k +74,955
12 United Capital Management of KS, Inc. 5.05% of their portfolio SALINA, KS 563,747563.7k $33.3m $33.3m 5.05% Reduced -552.9k -552,893
13 Tidal Investments LLC 0.10% of their portfolio Milwaukee, WI 543,781543.8k $32.1m $32.1m 0.10% New
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 527,742527.7k $31.2m $31.2m 0.04% Added +104.1k +104,099
15 Cresset Asset Management, LLC 0.13% of their portfolio Chicago, IL 498,524498.5k $29.4m $29.4m 0.13% Added +9.4k +9,413
16 EverSource Wealth Advisors, LLC 0.82% of their portfolio BIRMINGHAM, AL 452,375452.4k $26.7m $26.7m 0.82% Added +22.9k +22,872
17 Beaumont Financial Advisors, LLC 1.81% of their portfolio NEEDHAM, MA 445,303445.3k $26.3m $26.3m 1.81% Reduced -2.9k -2,902
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 426,555426.6k $25.2m $25.2m 0.00% Reduced -43.1k -43,085
19 KALEIDOSCOPE CAPITAL LP 9.43% of their portfolio BOSTON, MA 414,725414.7k $24.5m $24.5m 9.43% Added +105.1k +105,052
20 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 407,064407.1k $24.0m $24.0m 0.03% Added +92.5k +92,543
21 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 386,012386.0k $22.8m $22.8m 0.02% Added +4.4k +4,411
22 Patient Capital Management, LLC 0.78% of their portfolio BALTIMORE, MD 353,831353.8k $20.9m $20.9m 0.78% Reduced -427.9k -427,864
23 Legacy Wealth Asset Management, LLC 4.34% of their portfolio WOODBURY, MN 302,229302.2k $17.8m $17.8m 4.34% Added +3.9k +3,903
24 MEANS INVESTMENT CO., INC. 1.54% of their portfolio BANGOR, ME 298,606298.6k $17.6m $17.6m 1.54% Added +21.4k +21,407
25 Ovata Capital Management Ltd 2.44% of their portfolio HONG KONG, K3 295,558295.6k $17.5m $17.5m 2.44% Unchanged
26 BlackRock, Inc. 0.00% of their portfolio New York, NY 293,833293.8k $17.3m $17.3m 0.00% Added +3.2k +3,186
27 Van Hulzen Asset Management, LLC 1.12% of their portfolio EL DORADO HILLS, CA 256,315256.3k $15.1m $15.1m 1.12% Reduced -898 -898
28 Compass Ion Advisors, LLC 1.41% of their portfolio CONSHOHOCKEN, PA 250,799250.8k $14.8m $14.8m 1.41% Added +29.8k +29,786
29 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 237,000237.0k $14.0m $14.0m 0.01% Added +51.0k +50,992
30 Claar Advisors LLC 4.73% of their portfolio NEW YORK, NY 236,248236.2k $13.9m $13.9m 4.73% Added +120.8k +120,767
31 DIVERSIFY WEALTH MANAGEMENT, LLC 0.27% of their portfolio SANDY, UT 226,169226.2k $14.9m $14.9m 0.27% Added +222.6k +222,552
32 WINTON GROUP Ltd 0.45% of their portfolio LONDON, X0 218,078218.1k $12.9m $12.9m 0.45% Reduced -303.9k -303,851
33 Atlas Wealth Partners, LLC 12.89% of their portfolio WYOMISSING, PA 212,416212.4k $12.5m $12.5m 12.89% Added +4.0k +3,991
34 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 193,072193.1k $11.4m $11.4m 0.04% Added +14.8k +14,825
35 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 187,793187.8k $11.1m $11.1m 0.02% Reduced -3.7k -3,727
36 COURAGE CAPITAL MANAGEMENT LLC 14.28% of their portfolio NASHVILLE, TN 170,865170.9k $10.1m $10.1m 14.28% Unchanged
37 Great Point Wealth Advisors, LLC 1.79% of their portfolio BOSTON, MA 164,297164.3k $9.7m $9.7m 1.79% Added +45.4k +45,376
38 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 162,459162.5k $9.6m $9.6m 0.02% Reduced -21.8k -21,824
39 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 160,984161.0k $9.5m $9.5m 0.01% Added +9.3k +9,324
40 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 158,610158.6k $9.4m $9.4m 0.04% Added +140.5k +140,533
41 Berman McAleer LLC 1.27% of their portfolio TIMONIUM, MD 157,241157.2k $9.3m $9.3m 1.27% Added +58.3k +58,297
42 Parcion Private Wealth LLC 0.55% of their portfolio BELLEVUE, WA 150,243150.2k $8.9m $8.9m 0.55% Added +3.5k +3,550
43 Citrine Capital LLC 3.54% of their portfolio SAN FRANCISCO, CA 138,176138.2k $8.2m $8.2m 3.54% Added +18.1k +18,103
44 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 137,590137.6k $8.1m $8.1m 0.01% Added +52.6k +52,634
45 Marex Group Ltd 0.08% of their portfolio London, X0 136,991137.0k $8.1m $8.1m 0.08% Reduced -111.7k -111,682
46 BNC WEALTH MANAGEMENT, LLC 2.22% of their portfolio BEAVERTON, OR 135,225135.2k $8.0m $8.0m 2.22% Added +60.5k +60,468
47 Arkos Global Advisors 1.00% of their portfolio HOUSTON, TX 134,855134.9k $8.0m $8.0m 1.00% Added +35.8k +35,756
48 PARK AVENUE SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 124,621124.6k $7.4m $7.4m 0.06% Added +20.4k +20,399
49 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 118,559118.6k $7.0m $7.0m 0.04% Added +71.0k +70,982
50 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 118,427118.4k $7.0m $7.0m 0.03% Added +68.6k +68,624
51 AVAII WEALTH MANAGEMENT, LLC 2.43% of their portfolio APPLETON, WI 118,105118.1k $7.0m $7.0m 2.43% Added +9.6k +9,627
52 Alamea Verwaltungs GmbH 5.15% of their portfolio Edison, NJ 117,771117.8k $7.0m $7.0m 5.15% Unchanged
53 IEQ CAPITAL, LLC 0.03% of their portfolio Foster City, CA 116,224116.2k $6.9m $6.9m 0.03% Reduced -6.6k -6,636
54 KINGSWOOD WEALTH ADVISORS, LLC 0.31% of their portfolio SAN DIEGO, CA 111,984112.0k $6.6m $6.6m 0.31% Reduced -1.7k -1,681
55 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 107,075107.1k $6.3m $6.3m 0.02% Added +6.6k +6,563
56 CWM, LLC 0.02% of their portfolio OMAHA, NE 103,637103.6k $6.1m $6.1m 0.02% Added +6.1k +6,072
57 Wealth Quarterback LLC 2.41% of their portfolio TOMS RIVER, NJ 103,605103.6k $6.1m $6.1m 2.41% Added +92.0k +92,000
58 Allegheny Financial Group 0.82% of their portfolio Pittsburgh, PA 102,632102.6k $6.1m $6.1m 0.82% Reduced -48 -48
59 KESTRA PRIVATE WEALTH SERVICES, LLC 0.07% of their portfolio AUSTIN, TX 100,203100.2k $5.9m $5.9m 0.07% Reduced -3.4k -3,389
60 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 97,91797.9k $5.9m $5.9m 0.01% Reduced -743 -743
61 Aptus Capital Advisors, LLC 0.05% of their portfolio FAIRHOPE, AL 97,36997.4k $5.7m $5.7m 0.05% Added +12.8k +12,804
62 Fiduciary Trust Co 0.07% of their portfolio Boston, MA 95,64495.6k $5.6m $5.6m 0.07% Unchanged
63 Traynor Capital Management, Inc. 0.33% of their portfolio MALVERN, PA 95,54995.5k $5.5m $5.5m 0.33% Added +38 +38
64 LIBRA WEALTH LLC 1.56% of their portfolio LOS GATOS, CA 93,71793.7k $5.5m $5.5m 1.56% Added +16.2k +16,229
65 Elequin Capital, LP 0.51% of their portfolio NEW YORK, NY 93,70093.7k $5.5m $5.5m 0.51% Added +85.7k +85,700
66 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 92,94592.9k $3.6m $3.6m 0.01% Reduced -88.7k -88,687
67 SevenBridge Financial Group, LLC 0.92% of their portfolio HARRISBURG, PA 85,33185.3k $5.9m $5.9m 0.92% Added +10.2k +10,188
68 SKY-MOUNTAIN CAPITAL MANAGEMENT, INC. 3.57% of their portfolio KETCHUM, ID 84,33884.3k $5.0m $5.0m 3.57% Reduced -80.3k -80,308
69 Foundations Investment Advisors, LLC 0.06% of their portfolio PHOENIX, AZ 81,41781.4k $4.8m $4.8m 0.06% Added +3.3k +3,326
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 81,08681.1k $4.7m $4.7m 0.01% Reduced -59.8k -59,795
71 EXENCIAL WEALTH ADVISORS, LLC 0.15% of their portfolio OKLAHOMA CITY, OK 80,11780.1k $4.7m $4.7m 0.15% Reduced -22.4k -22,374
72 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 78,94178.9k $4.7m $4.7m 0.02% Added +17.1k +17,141
73 Concurrent Investment Advisors, LLC 0.05% of their portfolio Tampa, FL 78,14378.1k $4.6m $4.6m 0.05% Added +50.6k +50,553
74 Mutual Advisors, LLC 0.10% of their portfolio OMAHA, NE 77,93377.9k $4.6m $4.6m 0.10% Added +6.3k +6,292
75 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 76,98077.0k $4.5m $4.5m 0.00% Reduced -11.2k -11,248
76 Eaton Financial Holdings Company, LLC 1.39% of their portfolio Coral Springs, FL 71,74871.7k $4.2m $4.2m 1.39% Added +508 +508
77 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 71,68671.7k $4.2m $4.2m 0.00% Added +63.9k +63,882
78 SIMPLEX TRADING, LLC 0.13% of their portfolio CHICAGO, IL 70,68970.7k $4.2m $4.2m 0.13% New
79 MAD RIVER INVESTORS 1.50% of their portfolio BOSTON, MA 70,33970.3k $4.2m $4.2m 1.50% Reduced -520 -520
80 Beaird Harris Wealth Management, LLC 0.27% of their portfolio DALLAS, TX 66,25166.3k $3.9m $3.9m 0.27% Added +462 +462
81 AM INVESTMENT STRATEGIES LLC 0.85% of their portfolio CHATTANOOGA, TN 65,37965.4k $3.9m $3.9m 0.85% Added +6.2k +6,202
82 PYA Waltman Capital, LLC 1.07% of their portfolio KNOXVILLE, TN 65,23865.2k $3.9m $3.9m 1.07% Added +6.1k +6,064
83 Milestone Asset Management Group, LLC 2.12% of their portfolio AVON, CT 61,48861.5k $3.6m $3.6m 2.12% Added +2.4k +2,412
84 DecisionMap Wealth Management, LLC 2.33% of their portfolio GREAT FALLS, VA 60,90960.9k $3.6m $3.6m 2.33% Added +4.7k +4,709
85 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 60,26760.3k $3.6m $3.6m 0.05% Added +3.4k +3,381
86 Smart Money Group LLC 1.03% of their portfolio EASTLAND, TX 59,86059.9k $3.5m $3.5m 1.03% Added +1.1k +1,122
87 Avenir Tech Ltd 0.44% of their portfolio CENTRAL, HONG KONG, K3 58,61658.6k $3.5m $3.5m 0.44% Reduced -2 -2
88 Cambridge Advisors Inc. 0.67% of their portfolio OMAHA, NE 58,52858.5k $3.5m $3.5m 0.67% Added +1.9k +1,907
89 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 58,33358.3k $3.4m $3.4m 0.01% Added +11.3k +11,337
90 Farther Finance Advisors, LLC 0.03% of their portfolio SAN FRANCISCO, CA 57,46657.5k $3.4m $3.4m 0.03% Added +21.5k +21,483
91 ELEMENT POINTE ADVISORS, LLC 0.64% of their portfolio MIAMI, FL 57,12157.1k $3.4m $3.4m 0.64% Added +13.5k +13,547
92 SFMG, LLC 0.23% of their portfolio PLANO, TX 56,91556.9k $3.4m $3.4m 0.23% Added +7.4k +7,362
93 EVEXIA WEALTH LLC 0.99% of their portfolio STEVENS POINT, WI 56,51156.5k $3.6m $3.6m 0.99% Added +12.9k +12,921
94 Brookstone Capital Management 0.04% of their portfolio WHEATON, IL 55,43555.4k $3.3m $3.3m 0.04% Reduced -3.5k -3,499
95 VISTA INVESTMENT PARTNERS II, LLC 1.47% of their portfolio RICHMOND, IN 55,38655.4k $3.3m $3.3m 1.47% Added +7.8k +7,796
96 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 55,10055.1k $3.3m $3.3m 0.01% Added +10.2k +10,200
97 Spire Wealth Management 0.11% of their portfolio MCLEAN, VA 54,68654.7k $3.2m $3.2m 0.11% Added +640 +640
98 MEITAV INVESTMENT HOUSE LTD 0.04% of their portfolio BENE-BERAQ, L3 54,17054.2k $3.2m $3.2m 0.04% Added +16.8k +16,829
99 Kingsview Wealth Management, LLC 0.04% of their portfolio GRANTS PASS, OR 53,35353.4k $3.1m $3.1m 0.04% Added +3.7k +3,674
100 KDK Private Wealth Management, LLC 2.86% of their portfolio Houston, TX 53,01953.0k $3.1m $3.1m 2.86% Added +1.3k +1,280