Bitwise Bitcoin ETFBITBETF

13F holders, Q2 2025 (June 30)
294holders +44
57new positions
17sold out
2famous investors
$58.60avg. 13F price*

At the end of Q2 2025, 294 institutions reported holding Bitwise Bitcoin ETF (BITB) in their 13F filings, up 44 from Q1 2025. 57 opened new positions and 17 sold out. The largest holders were Millennium Management ($206.0M), ParaFi Capital LP ($114.8M) and Schonfeld Strategic Advisors LLC ($113.9M). 2 famous investors held it, including Israel Englander (0.2% of Millennium Management's portfolio) and Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio).

Company
Bitwise Bitcoin ETF
CUSIP
09174C104
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 105Q1 2024Q2 2024: 143Q2 2024Q3 2024: 155Q3 2024Q4 2024: 235Q4 2024Q1 2025: 250Q1 2025Q2 2025: 294Q2 2025Q3 2025: 321Q3 2025Q4 2025: 316Q4 2025Q1 2026: 300Q1 2026Q2 2026: 272Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions57$193.9M
Exits17$3.6M

All 13F filers, Q1 2025 → Q2 2025: 5,626,851 shares bought and 2,483,155 shares sold, net +3,143,696 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 294 holders

Millennium Management 0.19% Reduce -1.8% 3,515,698 $206.0M
ParaFi Capital LP 21.06% New 1,960,000 $114.8M
Schonfeld Strategic Advisors LLC 0.86% Add +105.9% 1,944,272 $113.9M
Pantera Capital Partners LP 41.42% Reduce -59.9% 1,240,000 $72.7M
Beaird Harris Wealth Management, LLC 2.71% Add +11.3% 596,382 $34.9M
IMC-Chicago, LLC 0.75% New 514,103 $30.1M
PNC Financial Services Group, Inc. 0.02% Add +10.5% 501,955 $29.4M
Kaleidoscope Capital LP 9.59% Add +81.7% 412,129 $24.1M
Sculptor Capital LP 0.56% No change 367,374 $21.5M
Pine Ridge Advisers LLC 1.26% No change 336,325 $19.7M
HBK Investments L P 0.30% Reduce -3.5% 251,122 $14.7M
Traphagen Investment Advisors LLC 1.31% Add +6.2% 235,616 $13.8M
Cwm, LLC 0.04% Add +10.2% 212,807 $12.5M
Hunting Hill Global Capital, LLC 6.57% New 207,495 $12.2M
Fielder Capital Group LLC 3.21% Reduce -45.2% 205,451 $12.0M
Jane Street Group, LLC 0.02% New 198,011 $11.6M
Tidal Investments LLC 0.08% Add +12.3% 197,973 $11.6M
Clear Creek Financial Management, LLC 1.03% Add +18.6% 184,874 $10.8M
Innovative Advisory Group, LLC 9.22% Add +0.4% 183,696 $10.8M
RPg Family Wealth Advisory, LLC 2.83% Add +1.9% 181,621 $10.6M
Refined Wealth Management 7.22% Add +0.6% 179,375 $10.5M
Magnus Financial Group LLC 0.90% Add +1.8% 175,192 $10.3M
Orion Porfolio Solutions, LLC 0.09% Reduce -9.3% 174,075 $10.2M
Susquehanna International Group, LLP 0.02% Add +1093.2% 173,290 $10.2M
Artemis Wealth Advisors, LLC 1.34% No change 150,000 $8.8M
Carter Financial Group, INC. 4.99% — 130,178 $7.6M
Cambridge Investment Research Advisors, Inc. 0.02% Add +32.4% 126,323 $7.4M
Envestnet Asset Management Inc. 0.00% Reduce -6.3% 126,276 $7.4M
Crumly & Associates Inc. 1.73% Add +18.9% 121,633 $7.1M
Renaissance Technologies 0.01% New 110,900 $6.5M
Wealth Enhancement Advisory Services, LLC 0.01% Add +3.3% 107,163 $6.4M
Virtu Financial LLC 0.32% Add +1353.2% 107,553 $6.3M
MML Investors Services, LLC 0.02% Add +149.8% 106,670 $6.3M
Magnolia Capital Advisors LLC 1.56% Add +14.1% 105,980 $6.2M
First Trust Advisors LP 0.00% Add +21.9% 102,571 $6.0M
Visionary Wealth Advisors 0.30% Reduce -2.0% 101,316 $5.9M
Advance Capital Management, Inc. 0.26% Add +72.7% 97,734 $5.7M
White Knight Strategic Wealth Advisors, LLC 4.74% Reduce -3.4% 95,008 $5.6M
Beam Wealth Advisors, Inc. 1.64% Add +2.8% 93,931 $5.5M
Kingsview Wealth Management, LLC 0.09% Add +0.6% 92,884 $5.4M
Guggenheim Capital LLC 0.04% Add +1.9% 90,641 $5.3M
Ieq Capital, LLC 0.03% Add +25.8% 89,632 $5.3M
Farringdon Capital, Ltd. 1.55% Reduce -1.5% 78,720 $4.6M
Highline Wealth Partners LLC 1.31% Add +5.4% 75,581 $4.4M
Betterment LLC 0.01% Reduce -18.6% 74,547 $4.4M
Claro Advisors Inc. 0.66% Add +21.7% 68,433 $4.0M
Creative Planning 0.00% Add +10.8% 63,990 $3.7M
KMG Fiduciary Partners, LLC 0.26% Add +1.5% 60,517 $3.5M
Rpo LLC 10.45% Add +28.9% 60,285 $3.5M
StoneX Group Inc. 0.16% Add +2.2% 55,591 $3.3M
Soltis Investment Advisors LLC 0.25% Add +7.0% 53,930 $3.2M
HighTower Advisors, LLC 0.00% Add +61.5% 53,560 $3.1M
Optima Capital LLC 1.66% Add +97.2% 52,503 $3.1M
Embree Financial Group 0.46% Reduce -4.0% 51,885 $3.0M
Silvercrest Asset Management Group LLC 0.02% Add +12.9% 51,249 $3.0M
JPMorgan Chase & Co. 0.00% Add +1519.0% 50,076 $2.9M
Bank of America Corp. 0.00% Add +28.8% 45,370 $2.7M
MRP Capital Investments, LLC 1.71% Add +30.1% 42,273 $2.5M
Wiser Wealth Management, Inc 0.62% Add +20.4% 42,101 $2.5M
NorthCoast Asset Management LLC 0.01% Add +4.5% 41,039 $2.4M
Simplex Trading, LLC 0.06% Add +385.0% 41,000 $2.4M
DRW Securities, LLC 0.17% Reduce -76.7% 40,776 $2.4M
Ovata Capital Management Ltd 0.51% New 39,977 $2.3M
Perigon Wealth Management, LLC 0.05% Reduce -29.5% 39,637 $2.3M
Salus Financial Advisors, LLC 1.55% Add +16.4% 39,462 $2.3M
Vance Wealth, LLC 0.75% Add +2.6% 38,140 $2.2M
Meitav Investment House Ltd. 0.03% Add +66.7% 37,574 $2.2M
Elequin Capital, LP 0.69% Add +2205.2% 37,045 $2.2M
CreativeOne Wealth, LLC 0.06% Add +6.1% 36,962 $2.2M
FF Advisors,LLC 1.10% Add +0.6% 36,314 $2.1M
Sanctuary Advisors, LLC 0.01% Add +48.5% 34,813 $2.0M
Proficio Capital Partners LLC 0.12% No change 33,497 $2.0M
Well Done, LLC 0.37% Add +387.0% 33,401 $2.0M
Signature Wealth Management Group 0.77% Add +1.5% 33,362 $2.0M
Vise Technologies, Inc. 0.08% — 33,108 $1.9M
Unique Wealth, LLC 0.31% Add +207.4% 32,304 $1.9M
Farther Finance Advisors, LLC 0.04% Reduce -18.2% 31,520 $1.8M
GPS Wealth Strategies Group, LLC 0.21% Add +31.8% 31,119 $1.8M
Lake Street Private Wealth, LLC 0.25% Add +7.1% 30,180 $1.8M
Private Advisor Group, LLC 0.01% Add +177.1% 29,691 $1.7M
Focus Partners Wealth 0.00% No change 29,358 $1.7M
Sharpepoint LLC 1.70% Add +1.0% 28,142 $1.6M
Silver Oak Securities, Incorporated 0.14% Reduce -7.5% 27,992 $1.6M
Capital Wealth Alliance, LLC 0.84% Reduce -3.1% 26,614 $1.6M
WT Wealth Management 0.45% Add +9.3% 25,835 $1.5M
Balance Wealth Partners LLC 0.85% New 24,688 $1.4M
SCS Capital Management LLC 0.02% Add +12.7% 23,410 $1.4M
Brandywine Oak Private Wealth LLC 0.13% Add +58.5% 23,073 $1.4M
Archer Investment Management, LLC 0.98% Reduce -24.9% 23,062 $1.4M
Smith Anglin Financial, LLC 0.12% Add +13.8% 22,891 $1.3M
Freestone Capital Holdings, LLC 0.04% Add +23.7% 22,512 $1.3M
Global Retirement Partners, LLC 0.03% — 22,477 $1.3M
BBR Partners, LLC 0.08% No change 21,500 $1.3M
TRUE Private Wealth Advisors 0.14% Add +12.9% 21,256 $1.2M
U.S. Capital Wealth Advisors, LLC 0.04% Add +3.8% 21,130 $1.2M
Mariner, LLC 0.00% New 20,871 $1.2M
Arete Wealth Advisors, LLC 0.08% Add +5.0% 19,805 $1.2M
Pekin Hardy Strauss, Inc. 0.13% Reduce -12.1% 19,705 $1.2M
Commonwealth Equity Services, LLC 0.00% Reduce -5.5% 19,120 $1.1M
Bonfire Financial 0.92% Add +9.5% 19,064 $1.1M
Fischer Investment Strategies, LLC 0.75% New 18,993 $1.1M
Brookstone Capital Management 0.01% Reduce -4.2% 18,835 $1.1M
Wealth Group Ltd 0.28% New 18,758 $1.1M
CIBC Private Wealth Group LLC 0.00% No change 18,733 $1.1M
Kesler, Norman & Wride, LLC 0.19% New 18,363 $1.1M
3EDGE Asset Management, LP 0.07% Reduce -31.9% 18,353 $1.1M
Wealth Watch Advisors, INC 0.59% Add +17.8% 17,541 $1.0M
a16z Perennial Management, L.P. 0.08% No change 15,961 $935K
Walkner Condon Financial Advisors LLC 0.17% Add +10.5% 15,500 $908K
Emerald Advisors, LLC 0.12% Add +148.1% 15,439 $905K
Captrust Financial Advisors 0.00% Add +1.7% 15,127 $886K
New Harbor Financial Group, LLC 0.19% Reduce -29.0% 14,329 $840K
Arax Advisory Partners 0.04% Reduce -39.9% 14,242 $834K
Kestra Advisory Services, LLC 0.00% Reduce -54.1% 14,192 $832K
Trek Financial, LLC 0.05% Add +13.9% 13,732 $805K
Global View Capital Management LLC 0.26% New 13,634 $799K
Belpointe Asset Management LLC 0.03% Add +27.5% 13,368 $783K
Aptus Capital Advisors, LLC 0.01% New 13,346 $782K
Mason & Associates Inc 0.17% Add +29.3% 12,220 $716K
Hudson Value Partners, LLC 0.24% Reduce -3.1% 11,893 $697K
Dakota Wealth Management 0.01% No change 11,787 $691K
Archvest Wealth Advisors, Inc. 0.60% Add +0.3% 11,732 $687K
Maridea Wealth Management LLC 0.18% Reduce -4.8% 11,558 $677K
Clarity Capital Partners LLC 0.24% Add +34.9% 11,285 $661K
Stegent Equity Advisors, Inc. 0.58% Reduce -21.4% 11,237 $658K
Echo45 Advisors LLC 0.41% Add +0.3% 11,008 $645K
Consolidated Portfolio Review Corp 0.09% Add +23.9% 10,802 $633K
Intellectus Partners, LLC 0.14% Add +10.2% 10,800 $633K
Next Level Wealth Planning, LLC 0.40% New 10,771 $631K
Conservest Capital Advisors, Inc. 0.06% Add +50.1% 10,485 $614K
Venture Visionary Partners LLC 0.02% No change 10,424 $611K
RFG Holdings, Inc. 0.18% Add +4.9% 10,323 $605K
Independent Financial Group, LLC 0.02% Add +15.0% 10,313 $604K
Concentrum Wealth Management 0.19% Add +3.7% 10,079 $591K
Gryphon Financial Partners LLC 0.08% Reduce -0.2% 9,820 $575K
LPL Financial LLC 0.00% Add +94.1% 9,636 $565K
Precision Wealth Strategies, LLC 0.18% Reduce -9.3% 9,566 $560K
Oppenheimer & Co. Inc. 0.01% Add +2.4% 9,555 $560K
CRA Financial Services, LLC 0.09% Add +4.7% 9,539 $559K
Stenger Family Office, LLC 0.14% — 8,738 $555K
Realta Investment Advisors 0.22% New 9,478 $555K
Choate Investment Advisors 0.01% Add +0.6% 9,421 $552K
Morton Capital Management LLC 0.10% Reduce -1.1% 9,329 $547K
EP Wealth Advisors, LLC 0.00% No change 9,265 $543K
Leverty Financial Group, LLC 0.16% Add +87.1% 9,185 $538K
Eagle Global Advisors LLC 0.02% Add +93.6% 9,100 $533K
Crossmark Global Holdings, Inc. 0.01% Reduce -8.2% 8,891 $521K
Financial Guidance Group, Inc. 0.25% New 8,813 $516K
Steward Partners Investment Advisory, LLC 0.00% Add +161.2% 8,338 $489K
Old Mission Capital LLC 0.01% Reduce -58.1% 8,265 $484K
NewEdge Wealth, LLC 0.01% Add +26.8% 7,420 $475K
Modern Wealth Management, LLC 0.01% Reduce -0.3% 7,963 $467K
Avior Wealth Management, LLC 0.02% Add +19.9% 7,895 $463K
Bryn Mawr Trust Advisors, LLC 0.03% Add +27.6% 7,813 $458K
Ellerson Group Inc. 0.32% Add +38.5% 7,778 $456K
Pasadena Private Wealth, LLC 0.08% Add +17.1% 7,705 $451K
Sunpointe, LLC 0.18% Reduce -1.6% 7,655 $449K
Cerity Partners LLC 0.00% Add +25.1% 7,490 $445K
Certior Financial Group, LLC 0.34% Reduce -0.4% 7,522 $441K
Adamsbrown Wealth Consultants LLC 0.13% Add +33.5% 7,517 $440K
Moneta Group Investment Advisors LLC 0.01% Add +22.6% 7,491 $439K
Foundations Investment Advisors, LLC 0.01% Add +11.9% 7,473 $438K
Monograph Wealth Advisors, LLC 0.05% No change 7,409 $434K
Revisor Wealth Management LLC 0.16% Add +4.1% 7,019 $433K
Ethos Financial Group, LLC 0.04% Reduce -17.9% 7,395 $433K
Mgo One Seven LLC 0.01% Add +4.4% 7,342 $430K
GK Wealth Management LLC 0.43% No change 7,312 $428K
Cary Street Partners Financial LLC 0.01% Add +4.8% 7,303 $428K
Pure Portfolios Holdings LLC 0.14% Reduce -17.2% 7,283 $427K
Walleye Trading LLC 0.01% Add +47.9% 7,100 $416K
Wealthstar Advisors, LLC 0.16% No change 7,040 $412K
SteelPeak Wealth, LLC 0.02% New 6,800 $398K
Financial Management Professionals, Inc. 0.04% No change 6,793 $398K
JBR Co Financial Management Inc 0.19% Add +44.4% 6,729 $394K
WorthPointe, LLC 0.16% No change 6,668 $391K
Shore Point Advisors, LLC 0.19% Add +11.1% 6,667 $391K
Migdal Insurance & Financial Holdings Ltd. 0.00% Add +42.5% 6,659 $390K
MCF Advisors LLC 0.03% Add +77.9% 6,598 $387K
FAS Wealth Partners, Inc. 0.03% Add +9.6% 6,491 $380K
Keel Point, LLC 0.02% Add +0.8% 6,370 $373K
Parkside Financial Bank & Trust 0.04% No change 6,345 $372K
Empower Advisory Group, LLC 0.00% Reduce -18.0% 6,337 $371K
Corient Private Wealth LP 0.00% New 6,218 $364K
Jump Financial, LLC 0.00% New 6,103 $358K
Ballew Advisors, Inc 0.21% No change 6,000 $357K
Vantage Point Financial LLC 0.16% No change 6,056 $355K
Waverly Advisors, LLC 0.00% No change 6,048 $354K
Moisand Fitzgerald Tamayo, LLC 0.04% Add +2.8% 5,999 $351K
Sheets Smith Wealth Management 0.04% Reduce -18.5% 5,694 $334K
Freedom Financial Partners LLC 0.14% Add +7.8% 5,620 $329K
Johnson Investment Counsel Inc. 0.00% New 5,522 $324K
Stifel Financial Corp. 0.00% New 5,465 $320K
B. Riley Wealth Advisors, Inc. 0.02% New 5,448 $319K
Prime Capital Investment Advisors, LLC 0.00% Reduce -13.8% 5,435 $318K
World Investment Advisors 0.01% Add +0.6% 5,400 $316K
Client 1ST Advisory Group, LLC 0.11% Add +6.2% 5,388 $316K
Dearborn Partners LLC 0.01% Add +2.3% 5,305 $311K
Greenwich Wealth Management LLC 0.01% New 5,244 $307K
Personal Cfo Solutions, LLC 0.06% Add +6.1% 5,238 $307K
Apriem Advisors 0.03% Reduce -0.1% 5,214 $305K
Cantor Fitzgerald, L. P. 0.01% Add +13.0% 5,125 $300K
Integrated Wealth Concepts LLC 0.00% New 5,039 $295K
Focus Partners Advisor Solutions, LLC 0.00% Add +0.5% 4,884 $286K
Beck Capital Management, LLC 0.07% Reduce -2.0% 4,872 $285K
Simplicity Wealth,LLC 0.01% No change 4,799 $281K
PYA Waltman Capital, LLC 0.08% No change 4,716 $276K
Allworth Financial LP 0.00% Add +8.2% 4,536 $266K
Kingswood Wealth Advisors, LLC 0.02% New 4,499 $264K
Q Fund Management (Hong Kong) Ltd 0.14% Add +4.8% 4,400 $258K
Atria Investments, Inc 0.00% Reduce -6.9% 4,223 $247K
Select Asset Management & Trust 0.08% New 4,190 $245K
Balboa Wealth Partners 0.05% New 4,099 $240K
Advyzon Investment Management, LLC 0.05% Reduce -32.1% 4,097 $240K
Valley Financial Group, Inc. 0.14% New 4,070 $238K
Gunderson Capital Management LLC 0.10% Reduce -52.3% 3,936 $231K
Osaic Holdings, Inc. 0.00% Add +176.7% 3,932 $230K
Riversedge Advisors, LLC 0.04% New 3,925 $230K
Clearwater Capital Advisors, LLC 0.02% New 3,885 $228K
CW Advisors, LLC 0.00% New 3,885 $228K
Cresset Asset Management, LLC 0.00% New 3,807 $223K
Tradition Wealth Management, LLC 0.02% New 3,800 $223K
Cora Capital Advisors LLC 0.10% New 3,750 $220K
Ascension Capital Advisors, Inc. 0.09% New 3,695 $216K
Capital Advisors Inc. 0.00% New 3,685 $216K
Shoker Investment Counsel, Inc. 0.07% New 3,681 $216K
MAI Capital Management 0.00% No change 3,653 $214K
Crown Wealth Group, LLC 0.08% New 3,647 $214K
Pine Valley Investments Ltd Liability Co 0.01% New 3,627 $213K
J.W. Cole Advisors, Inc. 0.00% New 3,597 $211K
Weaver Consulting Group 0.06% New 3,551 $208K
Advisory Resource Group 0.04% New 3,520 $206K
Financial Gravity Companies, Inc. 0.04% — 3,145 $184K
Quaker Wealth Management, LLC 0.05% — 2,530 $148K
Clark Wealth Partners 0.10% No change 2,500 $146K
Raymond James Financial Inc. 0.00% New 2,420 $142K
Private Wealth Asset Management, LLC 0.02% No change 2,315 $136K
Wilmington Savings Fund Society, FSB 0.00% No change 2,235 $131K
ROSS\JOHNSON & Associates LLC 2.55% Add +1.1% 2,110 $124K
Garde Capital, Inc. 0.01% No change 1,652 $97K
Signaturefd, LLC 0.00% Reduce -1.6% 1,210 $71K
Parallel Advisors, LLC 0.00% No change 1,194 $70K
Hollencrest Capital Management 0.00% No change 1,125 $66K
Fairway Wealth LLC 0.02% No change 1,110 $65K
Sound Income Strategies, LLC 0.00% No change 1,103 $65K
Park Place Capital Corp 0.01% No change 1,045 $60K
MassMutual Private Wealth & Trust, FSB 0.00% No change 1,000 $59K
Ancora Advisors LLC 0.00% No change 1,000 $59K
Federation des caisses Desjardins du Quebec 0.00% Reduce -60.0% 1,000 $59K
TD Waterhouse Canada Inc. 0.00% No change 1,000 $57K
Talon Private Wealth, LLC 0.01% New 938 $55K
Painted Porch Advisors LLC 0.02% No change 873 $51K
WPG Advisers, LLC 0.04% No change 837 $49K
BlackRock, Inc. 0.00% New 824 $48K
Ameritas Advisory Services, LLC 0.00% New 784 $46K
Nova Wealth Management, Inc. 0.02% Reduce -49.4% 517 $30K
Clearstead Advisors, LLC 0.00% New 500 $29K
Sunbelt Securities, Inc. 0.00% No change 549 $28K
Vision Financial Markets LLC 0.03% No change 466 $27K
SJS Investment Consulting Inc. 0.00% No change 439 $26K
Johnson Financial Group, Inc. 0.00% No change 426 $25K
Thurston, Springer, Miller, Herd & Titak, Inc. 0.00% New 415 $24K
Harel Insurance Investments & Financial Services Ltd. 0.00% New 403 $24K
Beacon Capital Management, Inc. 0.00% New 397 $23K
CarsonAllaria Wealth Management, Ltd. 0.01% No change 352 $21K
Cape Investment Advisory, Inc. 0.01% Add +17.9% 350 $21K
North Star Investment Management Corp. 0.00% Add +39.9% 333 $20K
Smartleaf Asset Management LLC 0.00% Reduce -23.6% 282 $16K
Headlands Technologies LLC 0.00% Reduce -97.7% 217 $13K
Royal Bank of Canada 0.00% No change 200 $12K
Rothschild Investment LLC 0.00% No change 200 $12K
EverSource Wealth Advisors, LLC 0.00% No change 190 $11K
Global Wealth Strategies & Associates 0.00% No change 171 $10K
Hantz Financial Services, Inc. 0.00% Add +16.7% 161 $9K
Bellwether Advisors, LLC 0.00% New 148 $9K
Crewe Advisors LLC 0.00% New 136 $8K
IMA Advisory Services, Inc. 0.00% New 130 $8K
Archer Investment Corp 0.00% New 100 $6K
Geneos Wealth Management Inc. 0.00% Add +26.7% 95 $6K
MPWM Advisory Solutions, LLC 0.00% No change 91 $5K
CENTRAL TRUST Co 0.00% No change 80 $5K
Northwestern Mutual Wealth Management Co. 0.00% Reduce -85.6% 77 $5K
Signature Resources Capital Management, LLC 0.00% New 50 $3K
Rise Advisors, LLC 0.00% No change 50 $3K
Ameritas Investment Partners, Inc. 0.00% New 36 $2K
Bogart Wealth, LLC 0.00% No change 32 $2K
Blue Trust, Inc. 0.00% No change 28 $2K
McIlrath & Eck, LLC 0.00% No change 25 $1K
Ritter Daniher Financial Advisory LLC / DE 0.00% No change 20 $1K
NBT Bank, N.A. 0.00% New 20 $1K
Albion Financial Group 0.00% No change 16 $938
Lowe Wealth Advisors, LLC 0.00% No change 16 $937
NewEdge Advisors, LLC 0.00% No change 4 $234
Wells Fargo & Company 0.00% Reduce -50.0% 1 $77
Morgan Stanley 0.00% No change 1 $59

"% of holder's portfolio" is BITB's weight in each manager's 13F, not the share of Bitwise Bitcoin ETF the manager owns.