Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BITWISE BITCOIN ETF TR (BITB)

306 + Investors. Track Smart Money conviction in BITB. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
59%

Smart Money Signals — BITB

Based on 296 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BITB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
296 hedge funds hold BITB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +35% more funds vs a year ago

fund count last 6Q
+76 new funds entered over the past year (+35% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 59% buying

189 buying131 selling
Last quarter: 189 funds bought or added vs 131 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new BITB position: 54 → 57 → 44 → 56. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 32% entered in last year

■ 3% conviction (2yr+) ■ 65% medium ■ 32% new
Only 8 funds (3%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +7%, value -18%

Value
-18%
Shares
+7%
Last quarter: funds added +7% more shares while total portfolio value only changed -18%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~56 new funds/quarter

84 → 54 → 57 → 44 → 56 new funds/Q
New funds entering each quarter: 54 → 57 → 44 → 56. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 58% of holders entered in last year

■ 1% veterans ■ 41% 1-2yr ■ 58% new
Of 306 current holders: 178 (58%) entered in the past year, only 2 (1%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds
9 of 296 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BITB

In 2025 Q4, 189 hedge funds were net buyers of BITB (56 opened a new position, 133 added to an existing one), while 131 reduced or exited (71 trimmed, 60 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 296.

Hedge Fund Ownership: BITB

How many hedge funds hold BITB — quarterly history vs. share price
Quarterly hedge fund ownership of BITB vs. share price

Market Analysis: BITB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BITB

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 4 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
3.4
/ 10
conviction
Hedge Fund Positioning: BITB
2026 Q1 Stats Unlock in 5 days 306 + Investors

Track Smart Money conviction in BITB. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 306 310 -1.29%
13F Shares 23M 21M 7.12%
Total Value $1.08B $1.32B -18.16%
New Positions 56 44 +12
Increased Positions 155 152 +3
Closed Positions 60 21 +39
Reduced Positions 81 75 +6
Total Calls 6 6 -
Total Puts 4 4 -
PUT/CALL Ratio 0.67 0.67 Bullish

Statistics: BITB

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

306 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BITB. Verified SEC 13F-HR filings.

Top 25 institutional holders of BITB — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 KALEIDOSCOPE CAPITAL LP 8.18% 577,211 $21.2M
2 Ankerstar Wealth, LLC 6.54% 168,268 $6.2M
3 Refined Wealth Management 5.71% 245,693 $9.0M
4 Carter Financial Group, INC. 3.10% 136,270 $5.0M
5 Beaird Harris Wealth Management, LLC 2.34% 934,247 $34.4M
6 Crumly & Associates Inc. 1.98% 256,201 $9.4M
7 MRP Capital Investments, LLC 1.72% 53,620 $2.0M
8 Salus Financial Advisors, LLC 1.70% 79,276 $2.9M
9 Fielder Capital Group LLC 1.64% 204,794 $7.5M
10 Palatine Hill Wealth Management, LLC 1.44% 44,856 $1.7M
11 ROSS\JOHNSON & Associates LLC 1.41% 2,126 $78K
12 RPg Family Wealth Advisory, LLC 1.40% 182,186 $6.7M
13 OPTIMA CAPITAL LLC 1.20% 70,455 $2.6M
14 Consolidated Portfolio Review Corp 1.13% 336,325 $12.4M
15 BEAM WEALTH ADVISORS, INC. 1.04% 113,163 $4.2M
16 UNIQUE WEALTH, LLC 0.91% 178,741 $6.6M
17 TRAPHAGEN INVESTMENT ADVISORS LLC 0.90% 303,174 $11.2M
18 Broadhurst Jeffrey B 0.89% 23,567 $868K
19 Garda Capital Partners LP 0.88% 92,000 $3.4M
20 Balance Wealth, LLC 0.80% 70,190 $2.6M
21 Bonfire Financial 0.78% 28,030 $1.0M
22 Wiser Wealth Management, Inc 0.77% 97,538 $3.6M
23 FELL CAPITAL MANAGEMENT /ADV 0.72% 20,495 $754K
24 Elequin Capital, LP 0.71% 230,080 $8.5M
25 FF Advisors,LLC 0.70% 41,153 $1.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BITWISE BITCOIN ETF TR (BITB)

What does the Smart Money Trend signal show for BITB?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BITB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BITB?

Slight buying edge — 59% buying: Last quarter: 189 funds bought or added vs 131 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BITB holders?

Smaller funds dominant — 9% AUM from top-100: 9 of 296 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BITB?

Mostly new holders — 32% entered in last year: Only 8 funds (3%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.