ProShares Short Bitcoin Strategy ETF
BITI
21 hedge funds and large institutions have $17.9M invested in ProShares Short Bitcoin Strategy ETF in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 0 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
95% more capital invested
Capital invested by funds: $9.2M → $17.9M (+$8.7M)
84% more call options, than puts
Call options by funds: $2.89M | Put options by funds: $1.57M
62% more funds holding
Funds holding: 13 → 21 (+8)
0.46% more ownership
Funds ownership: 3.07% → 3.53% (+0.46%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$5.51M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
+$3.09M |
| 3 |
Jane Street
New York
|
+$3.06M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.74M |
| 5 |
AFS
AFG Fiduciary Services
Hingham,
Massachusetts
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$1.57M |
| 2 |
SCA
Sassicaia Capital Advisers
Jericho,
New York
|
-$635K |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$526K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$197 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Fidelity Investments
Boston,
Massachusetts
| – | -$197 | -3 | Closed |
|
|
CG
27
Cutler Group
San Francisco,
California
| – | +$1.06K | +20 | New |
|
BITI Hedge Fund Activity: Q1 2024 in Review
21 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in ProShares Short Bitcoin Strategy ETF (BITI) for Q1 2024, worth a combined $17.9M — up 95% from $9.2M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BITI positions and 4 closed out — a net gain of 8 holders — while 8 added to existing stakes and 0 trimmed.
The largest buyer was Advisory Services Network, opening a new position worth an estimated $5.51M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $1.57M sold.
- 21 institutional investors held ProShares Short Bitcoin Strategy ETF (BITI) as of Q1 2024, up from 13 in Q4 2023.
- Funds reported $17.9M of ProShares Short Bitcoin Strategy ETF stock for Q1 2024, up 95% quarter-over-quarter.
- 12 funds opened new ProShares Short Bitcoin Strategy ETF positions in Q1 2024 and 4 closed out, a net change of +8 holders.
- The largest ProShares Short Bitcoin Strategy ETF buyer in Q1 2024 was Advisory Services Network, an estimated $5.51M added.
- The largest ProShares Short Bitcoin Strategy ETF seller in Q1 2024 was Renaissance Technologies, an estimated $1.57M sold.
Based on aggregated 13F filings for Q1 2024.