Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bitwise Bitcoin ETF Tr (BITB)

294 + 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
↓ -13
Streak
2Q ▼
Buyers last Q
62%

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 314 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 — 62% buying

190 buying118 selling
Last quarter: 190 funds were net buyers (46 opened a brand new position + 144 added to an existing one). Only 118 were sellers (59 trimmed + 59 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: 62 → 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 → 62 → 47 → 58 → 46 new funds/Q
New funds entering each quarter: 62 → 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 — 24% AUM from major funds

24% from top-100 AUM funds
14 of 296 holders rank in the top 100 by AUM, accounting for 24% 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 118 reduced or exited (59 trimmed, 59 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. Net selling has persisted for two consecutive quarters. 24% of total institutional value in BITB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -13 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.

Is It Too Late to Buy Bitwise Bitcoin ETF Tr (BITB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BITB has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
BITB
-7.3%
SPY
+15.1%

BITB outperformed SPY by -22.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
BITB
-20.5%
SPY
+1.3%

Since the filing became public, BITB outperformed SPY by -21.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 4 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: BITB
294 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 294 309 -4.85%
13F Shares 21M 23M -8.52%
Total Value $755M $1.08B -30.27%
New Positions 46 58 -12
Increased Positions 139 137 +2
Closed Positions 61 63 -2
Reduced Positions 58 69 -11
Total Calls 4 6 -33.33%
Total Puts 4 4 -
PUT/CALL Ratio 1.0 0.67 Neutral

Statistics: BITB

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

294 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ParaFi Capital LP 13.54% 1,700,000 $62.6M
2 Kaleidoscope Capital LP 8.18% 577,211 $21.2M
3 Ankerstar Wealth, LLC 6.54% 168,268 $6.2M
4 Refined Wealth Management 5.71% 245,693 $9.0M
5 Carter Financial Group, INC. 3.10% 136,270 $5.0M
6 White Knight Strategic Wealth Advisors, LLC 2.87% 92,509 $3.4M
7 Beaird Harris Wealth Management, LLC 2.34% 934,247 $34.4M
8 Crumly & Associates Inc. 1.98% 256,201 $9.4M
9 MRP Capital Investments, LLC 1.72% 53,620 $2.0M
10 Salus Financial Advisors, LLC 1.70% 79,276 $2.9M
11 Fielder Capital Group LLC 1.64% 204,794 $7.5M
12 Palatine Hill Wealth Management, LLC 1.44% 44,856 $1.7M
13 ROSS\JOHNSON & Associates LLC 1.41% 2,126 $78K
14 RPg Family Wealth Advisory, LLC 1.40% 182,186 $6.7M
15 Optima Capital LLC 1.20% 70,455 $2.6M
16 Consolidated Portfolio Review Corp 1.13% 336,325 $12.4M
17 Farringdon Capital, Ltd. 1.09% 135,704 $5.0M
18 Magnolia Capital Advisors LLC 1.04% 143,762 $5.3M
19 Beam Wealth Advisors, INC. 1.04% 113,163 $4.2M
20 Unique Wealth, LLC 0.91% 178,741 $6.6M
21 Traphagen Investment Advisors LLC 0.90% 303,174 $11.2M
22 Broadhurst Jeffrey B 0.89% 23,567 $868K
23 Garda Capital Partners LP 0.88% 92,000 $3.4M
24 Avenir Tech Ltd 0.81% 173,163 $6.4M
25 Balance Wealth, LLC 0.80% 70,190 $2.6M
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 — 62% buying: Last quarter: 190 funds were net buyers (46 opened a brand new position + 144 added to an existing one). Only 118 were sellers (59 trimmed + 59 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BITB holders?

Strong quality — 24% AUM from major funds: 14 of 296 holders rank in the top 100 by AUM, accounting for 24% 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.

Is it too late to buy Bitwise Bitcoin ETF Tr (BITB) following the 2026 Q1 hedge fund 13F filings?

As of today, BITB has moved -20.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -21.8%. Since the quarter end (March 31, 2026), BITB has gained -7.3% vs +15.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →