Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bitwise Bitcoin ETF Tr (BITB)

272 + 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
↓ -14
Streak
2Q ▼
Buyers last Q
61%

Smart Money Signals — BITB

Based on 296 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
296 funds currently hold this stock — 94% of the 3.0-year high of 315 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q
+50 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

190 buying119 selling
Last quarter: 190 funds were net buyers (46 opened a brand new position + 144 added to an existing one). Only 119 were sellers (59 trimmed + 60 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 63 → 47 → 58 → 46. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄

Mostly new holders — 30% entered in last year

■ 18% conviction (2yr+) ■ 51% medium ■ 30% new
Only 54 funds (18%) 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 -8%, value -30%

Value
-30%
Shares
-8%
Last quarter: funds added -8% more shares while total portfolio value only changed -30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~46 new funds/quarter

57 → 63 → 47 → 58 → 46 new funds/Q
New funds entering each quarter: 63 → 47 → 58 → 46. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 0% veterans, 45% new entrants

■ 0% veterans ■ 55% 1-2yr ■ 45% new
Of 302 current holders: 1 (0%) held 2+ years, 165 held 1–2 years, 136 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds
12 of 294 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 2026 Q1, 190 hedge funds were net buyers of BITB (46 opened a new position, 144 added to an existing one), while 119 reduced or exited (59 trimmed, 60 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. Net selling has persisted for two consecutive quarters. 21% of total institutional value in BITB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -14 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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 4 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: BITB
272 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 272 296 -8.11%
13F Shares 20M 21M -5.26%
Total Value $615M $756M -18.62%
New Positions 29 46 -17
Increased Positions 105 140 -35
Closed Positions 53 60 -7
Reduced Positions 80 59 +21
Total Calls 5 4 25.0%
Total Puts 4 4 -
PUT/CALL Ratio 0.8 1.0 Neutral

Statistics: BITB

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

272 + investors

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

QUARTER:
Top 25 BITB holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ParaFi Capital LP 14.99% 1,700,000 $54.2M
2 Kaleidoscope Capital LP 7.05% 598,360 $19.1M
3 Refined Wealth Management 4.83% 251,344 $8.0M
4 Ankerstar Wealth, LLC 4.11% 153,810 $4.9M
5 Farringdon Capital, Ltd. 2.45% 155,362 $4.9M
6 Carter Financial Group, INC. 2.33% 140,837 $4.5M
7 White Knight Strategic Wealth Advisors, LLC 2.14% 96,018 $3.1M
8 RPg Family Wealth Advisory, LLC 1.99% 300,579 $9.6M
9 Beaird Harris Wealth Management, LLC 1.87% 937,917 $29.9M
10 Fielder Capital Group LLC 1.70% 247,167 $7.9M
11 Crumly & Associates Inc. 1.52% 249,044 $7.9M
12 Salus Financial Advisors, LLC 1.45% 92,543 $2.9M
13 Palatine Hill Wealth Management, LLC 1.07% 41,717 $1.3M
14 MRP Capital Investments, LLC 1.07% 45,568 $1.5M
15 ROSS\JOHNSON & Associates LLC 1.06% 2,126 $68K
16 Beam Wealth Advisors, INC. 1.04% 113,163 $4.2M
17 Optima Capital LLC 0.90% 71,393 $2.3M
18 Consolidated Portfolio Review Corp 0.89% 336,325 $10.7M
19 Magnolia Capital Advisors LLC 0.84% 152,856 $4.9M
20 Avenir Tech Ltd 0.82% 173,163 $5.5M
21 Traphagen Investment Advisors LLC 0.75% 329,963 $10.5M
22 Magnus Financial Group LLC 0.73% 323,226 $10.3M
23 Pine Ridge Advisers LLC 0.65% 336,325 $10.7M
24 Balance Wealth Partners LLC 0.64% 75,728 $2.4M
25 Clear Creek Financial Management, LLC 0.62% 304,155 $9.7M
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 — 2 quarters in a row: For 2 consecutive quarters, 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?

More buyers than sellers — 61% buying: Last quarter: 190 funds were net buyers (46 opened a brand new position + 144 added to an existing one). Only 119 were sellers (59 trimmed + 60 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BITB holders?

Strong quality — 21% AUM from major funds: 12 of 294 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BITB?

Mostly new holders — 30% entered in last year: Only 54 funds (18%) 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.

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