ProShares Short Bitcoin Strategy ETF
BITI
11 hedge funds and large institutions have $20.8M invested in ProShares Short Bitcoin Strategy ETF in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 9 closing their positions.
40% more capital invested
Capital invested by funds: $14.8M → $20.8M (+$5.96M)
9.34% less ownership
Funds ownership: 13.79% → 4.45% (-9.3%)
21% less funds holding
Funds holding: 14 → 11 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
38% less call options, than puts
Call options by funds: $9.23M | Put options by funds: $15M
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$3.63M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.48M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$2.26M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.89M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
MYDA Advisors
Woodmere,
New York
|
-$1.99M |
| 2 |
Goldman Sachs
New York
|
-$453K |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$369K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$329K |
| 5 |
SCA
Sassicaia Capital Advisers
Jericho,
New York
|
-$329K |
BITI Hedge Fund Activity: Q3 2022 in Review
11 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in ProShares Short Bitcoin Strategy ETF (BITI) for Q3 2022, worth a combined $20.8M — up 40% from $14.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BITI and 7 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 1 added.
The largest buyer was Jane Street, adding an estimated $3.63M. The largest seller was MYDA Advisors, cutting an estimated $1.99M.
- 11 institutional investors held ProShares Short Bitcoin Strategy ETF (BITI) as of Q3 2022, down from 14 in Q2 2022.
- Funds reported $20.8M of ProShares Short Bitcoin Strategy ETF stock for Q3 2022, up 40% quarter-over-quarter.
- 7 funds opened new ProShares Short Bitcoin Strategy ETF positions in Q3 2022 and 9 closed out, a net change of -2 holders.
- The largest ProShares Short Bitcoin Strategy ETF buyer in Q3 2022 was Jane Street, an estimated $3.63M added.
- The largest ProShares Short Bitcoin Strategy ETF seller in Q3 2022 was MYDA Advisors, an estimated $1.99M sold.
Based on aggregated 13F filings for Q3 2022.