ProShares Short Bitcoin Strategy ETF
BITI
11 hedge funds and large institutions have $19.6M invested in ProShares Short Bitcoin Strategy ETF in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 10 closing their positions.
154% more call options, than puts
Call options by funds: $4.14M | Put options by funds: $1.63M
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
18.1% more ownership
Funds ownership: 19.37% → 37.47% (+18%)
1% more capital invested
Capital invested by funds: $19.4M → $19.6M (+$171K)
39% less funds holding
Funds holding: 18 → 11 (-7)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$11.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.81M |
| 3 |
HF
HRT Financial
New York
|
+$2.13M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.81M |
| 5 |
MM
Main Management
San Francisco,
California
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIM
Bullseye Investment Management
Cincinnati,
Ohio
|
-$2.78M |
| 2 |
MA
MYDA Advisors
Woodmere,
New York
|
-$1.99M |
| 3 |
VCM
Venator Capital Management
Toronto,
Ontario, Canada
|
-$995K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$703K |
| 5 |
DCM
Donaldson Capital Management
Evansville,
Indiana
|
-$517K |
BITI Hedge Fund Activity: Q1 2023 in Review
11 of the 6,284 institutional investors tracked by Wall St. Rank reported a position in ProShares Short Bitcoin Strategy ETF (BITI) for Q1 2023, worth a combined $19.6M — up 0.88% from $19.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BITI and 3 opened new positions — a net loss of 7 holders — while 2 trimmed existing stakes and 5 added.
The largest buyer was Jane Street, adding an estimated $11.7M. The largest seller was Bullseye Investment Management, exiting entirely with an estimated $2.78M sold.
- 11 institutional investors held ProShares Short Bitcoin Strategy ETF (BITI) as of Q1 2023, down from 18 in Q4 2022.
- Funds reported $19.6M of ProShares Short Bitcoin Strategy ETF stock for Q1 2023, up 0.88% quarter-over-quarter.
- 3 funds opened new ProShares Short Bitcoin Strategy ETF positions in Q1 2023 and 10 closed out, a net change of -7 holders.
- The largest ProShares Short Bitcoin Strategy ETF buyer in Q1 2023 was Jane Street, an estimated $11.7M added.
- The largest ProShares Short Bitcoin Strategy ETF seller in Q1 2023 was Bullseye Investment Management, an estimated $2.78M sold.
Based on aggregated 13F filings for Q1 2023.