ProShares Short Bitcoin Strategy ETF
BITI
26 hedge funds and large institutions have $14.5M invested in ProShares Short Bitcoin Strategy ETF in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 3 closing their positions.
494% more call options, than puts
Call options by funds: $14.8M | Put options by funds: $2.5M
400% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 3
342% more capital invested
Capital invested by funds: $3.27M → $14.5M (+$11.2M)
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
86% more funds holding
Funds holding: 14 → 26 (+12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.64M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$2.26M |
| 3 |
SP
SIH Partners
Wilmington,
Delaware
|
+$807K |
| 4 |
Jane Street
New York
|
+$762K |
| 5 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$692K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.14M |
| 2 |
Group One Trading
Chicago,
Illinois
|
-$48.3K |
| 3 |
XT
XTX Topco
George Town,
Cayman Islands
|
-$31.6K |
| 4 |
WCM
Winthrop Capital Management
Carmel,
Indiana
|
-$9K |
| 5 |
Morgan Stanley
New York
|
-$23 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
26
Harbour Investments
Madison,
Wisconsin
| $232 | – | – | – |
|
|
27
Citadel Advisors
Miami,
Florida
| – | -$1.14M | -54,444 | Closed |
|
|
WCM
28
Winthrop Capital Management
Carmel,
Indiana
| – | -$9K | -502 | Closed |
|
|
29
Morgan Stanley
New York
| – | -$23 | -1 | Closed |
|
BITI Hedge Fund Activity: Q4 2025 in Review
26 of the 8,232 institutional investors tracked by Wall St. Rank reported a position in ProShares Short Bitcoin Strategy ETF (BITI) for Q4 2025, worth a combined $14.5M — up 342% from $3.27M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BITI positions and 3 closed out — a net gain of 12 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $3.64M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.14M sold.
- 26 institutional investors held ProShares Short Bitcoin Strategy ETF (BITI) as of Q4 2025, up from 14 in Q3 2025.
- Funds reported $14.5M of ProShares Short Bitcoin Strategy ETF stock for Q4 2025, up 342% quarter-over-quarter.
- 15 funds opened new ProShares Short Bitcoin Strategy ETF positions in Q4 2025 and 3 closed out, a net change of +12 holders.
- The largest ProShares Short Bitcoin Strategy ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $3.64M added.
- The largest ProShares Short Bitcoin Strategy ETF seller in Q4 2025 was Citadel Advisors, an estimated $1.14M sold.
Based on aggregated 13F filings for Q4 2025.