Citi Group disclosed that its new position in Fidelity’s Wise Origin Bitcoin Fund (FBTC) is approximately $119 million. The IBIT holdings it disclosed also increased by 50% from 347,000 shares at the end of June to about 521,000 shares.

These files provide early clues to the changes in institutional Bitcoin holdings of ETF, but there are still many larger banks and hedge funds that have not disclosed their third-quarter holdings. Institutional investment managers need to submit their third-quarter holding reports by Monday at the latest.

Banks' proportion among Bitcoin ETF holders is increasing.

According to the data shared by Bitwise and Cointelegraph, among the institutions that submitted their third-quarter reports early on, banks held a spot Bitcoin position of ETF amounting to 258 million US dollars, which accounts for 4.9% of the disclosed positions, higher than the 107 million US dollars and 3.2% in the second quarter.

Investment advisors remain the largest holders, accounting for 66.6% of the disclosed positions, which is $3.5 billion, up from $2.2 billion in the previous quarter. Bitwise compared the position holdings of 1,389 institutions that had submitted their third-quarter reports by Friday over the two quarters. The total amount of spot Bitcoin they hold ETF has risen to $5.25 billion, from $3.35 billion.

As of early Q3 2026, positions in spot Bitcoin exchange trading products ( ETP ) held by 13F filers in the United States. Source: Bitwise

These data are still preliminary results. Major holders such as JPMorgan Chase, Wells Fargo, and hedge funds Millennium and Schonfeld have not yet disclosed their positions by the upcoming deadline.

The rise in Bitcoin prices has boosted the value of ETF holdings.

PrimeXBT, a senior market analyst, stated that an increase in the ETF valuation of Bitcoin does not necessarily mean that institutions have made new purchases.

Randin notes that these filing documents reflect the position holding situation as of September 30, which predates the subsequent decline in Bitcoin and the outflow of funds from spot ETF. SoSoValue data shows that US spot Bitcoin ETF recorded a net inflow of approximately $6.34 billion in the third quarter, followed by a net outflow of about $2.1 billion in the fourth quarter up to Tuesday.

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