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
↓ -22
Streak
3Q ▼
Buyers last Q
50%

Smart Money Signals — BITB

Based on 274 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 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 — 87% of 3.0Y peak

87% of all-time peak
274 funds currently hold this stock — 87% 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.
📉

Outflows — 6% fewer funds vs a year ago

fund count last 6Q
16 fewer hedge funds hold BITB compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

138 buying136 selling
Last quarter: 138 funds bought or added vs 136 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.
⚠️

Fewer new buyers each quarter (-15 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 47 → 58 → 46 → 31. 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.
📌

Mixed — 30% long-term, 25% new

■ 30% conviction (2yr+) ■ 45% medium ■ 25% new
Of the 274 current holders: 83 (30%) held >2 years, 122 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📊

Peak discovery — momentum slowing

63 → 47 → 58 → 46 → 31 new funds/Q
New funds entering each quarter: 47 → 58 → 46 → 31. BITB is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 24% veterans, 33% new entrants

■ 24% veterans ■ 42% 1-2yr ■ 33% new
Of 283 current holders: 69 (24%) held 2+ years, 120 held 1–2 years, 94 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
16 of 274 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 Q2, 138 hedge funds were net buyers of BITB (31 opened a new position, 107 added to an existing one), while 136 reduced or exited (83 trimmed, 53 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 23% of total institutional value in BITB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -22 funds (more exits than new entries). Total institutional holders: 274.

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 Q3 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 September 30, 2026 · 45d ago
BITB
-17.4%
SPY
-1.1%

BITB outperformed SPY by -16.3% since September 30, 2026.

Since 13F Filing Date November 14, 2026 · 0d ago
BITB
+0.0%
SPY
+0.0%

Since the filing became public, BITB outperformed SPY by +0.0% .

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.

7 top-rated funds 4 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: BITB
2026 Q3 Stats Unlock in 5 days 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: --

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 Q3)

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:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 BITB holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kaleidoscope Capital LP 8.63% 724,592 $32.9M
2 Garda Capital Partners LP 7.91% 220,992 $10.0M
3 Refined Wealth Management 6.50% 255,819 $11.6M
4 Innovative Advisory Group, LLC 3.54% 107,135 $4.9M
5 Carter Financial Group, INC. 3.25% 140,592 $6.4M
6 RPg Family Wealth Advisory, LLC 2.44% 302,170 $13.7M
7 Salus Financial Advisors, LLC 2.33% 107,643 $4.9M
8 Crumly & Associates Inc. 2.18% 270,391 $12.3M
9 Fielder Capital Group LLC 2.15% 247,634 $11.2M
10 Atomic Invest LLC 1.60% 241,082 $10.9M
11 Palatine Hill Wealth Management, LLC 1.40% 43,014 $2.0M
12 Traphagen Investment Advisors LLC 1.24% 399,925 $18.1M
13 Avenir Tech Ltd 1.22% 173,163 $7.9M
14 Optima Capital LLC 1.22% 67,712 $3.1M
15 Beam Wealth Advisors, INC. 1.10% 111,961 $5.1M
16 Magnus Financial Group LLC 1.09% 360,534 $16.4M
17 Wavvest Wealth LLC 0.92% 25,142 $1.1M
18 Wiser Wealth Management, Inc 0.90% 109,473 $5.0M
19 Broadhurst Jeffrey B 0.89% 21,917 $994K
20 Bonfire Financial 0.81% 29,196 $1.3M
21 Fell Capital Management /Adv 0.79% 20,170 $915K
22 PlanVest Financial, Inc 0.76% 26,240 $1.2M
23 Financial Management Professionals, Inc. 0.74% 173,574 $7.9M
24 Balance Wealth Partners LLC 0.74% 67,674 $3.1M
25 Unique Wealth, LLC 0.72% 138,487 $6.3M
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

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Frequently Asked Questions — Bitwise Bitcoin ETF Tr (BITB)

What does the Smart Money Trend signal show for BITB?

Selling streak — 3 quarters in a row: For 3 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?

Slight buying edge — 50% buying: Last quarter: 138 funds bought or added vs 136 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?

Strong quality — 23% AUM from major funds: 16 of 274 holders rank in the top 100 by AUM, accounting for 23% 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?

Mixed — 30% long-term, 25% new: Of the 274 current holders: 83 (30%) held >2 years, 122 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Bitwise Bitcoin ETF Tr (BITB) following the 2026 Q3 hedge fund 13F filings?

As of today, BITB has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), BITB has gained -17.4% vs -1.1% 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.

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