The FBTC (Fidelity Bitcoin Trust) has garnered significant interest from institutional investors, with 524 institutional holders reported in the latest 13F filings. Below, we present the top 50 institutional holders of FBTC, ranked by their position size from largest to smallest.
Key Highlights
- Jane Street Group LLC leads with a $503.8 million position.
- Millennium Management LLC follows closely with $500.6 million.
- The data reflects holdings as of March 31, 2025.
Top 50 Institutional Holders of FBTC
| Holder | Shares Held | Position Size ($ in 1000's) | Filing Date |
|--------|-------------|-----------------------------|-------------|
| Jane Street Group LLC | 6,761,463 | $503,830 | 03/31/2025 |
| Millennium Management LLC | 6,955,712 | $500,603 | 03/31/2025 |
| Capula Management Ltd | 4,299,112 | $309,407 | 03/31/2025 |
| Schonfeld Strategic Advisors LLC | 4,187,281 | $301,359 | 03/31/2025 |
| Sculptor Capital LP | 2,188,727 | $157,523 | 03/31/2025 |
| Goldman Sachs Group Inc. | 2,726,381 | $142,240 | 03/31/2025 |
| D. E. Shaw & Co. Inc. | 1,952,000 | $140,388 | 03/31/2025 |
| Almitas Capital LLC | 1,652,409 | $118,924 | 03/31/2025 |
| Pine Ridge Advisers LLC | 889,647 | $64,028 | 03/31/2025 |
| Susquehanna International Group LLP | 229,103 | $59,196 | 03/31/2025 |
(Full table continues with the remaining 40 entries.)
Why FBTC Attracts Institutional Investors
- Exposure to Bitcoin: FBTC provides a regulated way to invest in Bitcoin without direct custody risks.
- Liquidity: Traded on major exchanges, offering flexibility for large-scale positions.
- Diversification: Institutions use FBTC to balance traditional and digital asset portfolios.
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FAQs
1. What is FBTC?
FBTC is Fidelity’s spot Bitcoin ETF, offering investors exposure to Bitcoin’s price movements through a traditional brokerage account.
2. How often are 13F filings updated?
Institutional holdings are reported quarterly, with a 45-day delay after each quarter ends.
3. Why do hedge funds hold FBTC?
Hedge funds use FBTC for arbitrage, hedging, and long-term Bitcoin exposure without handling direct custody.
4. Can retail investors buy FBTC?
Yes, FBTC is publicly traded and available to all investors through brokerage accounts.
5. How does FBTC differ from owning Bitcoin directly?
FBTC eliminates the need for private key management but may have management fees and tracking differences.
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Conclusion
The growing institutional adoption of FBTC underscores Bitcoin’s maturation as an asset class. For investors, tracking these trends offers insights into market sentiment and potential price movements.
Data Source: 13F filings as of March 31, 2025.