ProShares Short Bitcoin Strategy ETF
BITI
10 hedge funds and large institutions have $11.9M invested in ProShares Short Bitcoin Strategy ETF in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 4 closing their positions.
0.06% more ownership
Funds ownership: 2.76% → 2.82% (+0.06%)
8% less call options, than puts
Call options by funds: $3.46M | Put options by funds: $3.75M
9% less funds holding
Funds holding: 11 → 10 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
39% less capital invested
Capital invested by funds: $19.6M → $11.9M (-$7.71M)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
MYDA Advisors
Woodmere,
New York
|
+$1.67M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$848K |
| 3 |
ICM
Ionic Capital Management
New York
|
+$699K |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$138K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.07M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.75M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.63M |
| 4 |
HF
HRT Financial
New York
|
-$1.3M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$593K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Jane Street
New York
| $8.21M | -$3.07M | -29,407 | -25% |
|
|
MA
2
MYDA Advisors
Woodmere,
New York
| $1.51M | +$1.67M | +16,000 | New |
|
|
FTUS
3
Flow Traders U.S.
New York
| $766K | +$848K | +8,129 | New |
|
|
ICM
4
Ionic Capital Management
New York
| $631K | +$699K | +6,697 | New |
|
|
5
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $256K | -$593K | -5,689 | -68% |
|
|
HF
6
HRT Financial
New York
| $249K | -$1.3M | -12,507 | -83% |
|
|
7
Simplex Trading
Chicago,
Illinois
| $206K | +$138K | +1,321 | +152% |
|
|
TRCT
8
Tower Research Capital (TRC)
New York
| $56.1K | -$1.63M | -15,594 | -96% |
|
|
9
Citadel Advisors
Miami,
Florida
| $4.5K | -$2.75M | -26,347 | -100% |
|
|
TWC
10
TD Waterhouse Canada
Toronto,
Ontario, Canada
| $1.85K | – | – | – |
|
11
IMC Chicago
Chicago,
Illinois
| – | -$434K | -4,186 | Closed |
|
|
MM
12
Main Management
San Francisco,
California
| – | -$104K | -1,000 | Closed |
|
|
CG
13
Cutler Group
San Francisco,
California
| – | -$5.01K | -48 | Closed |
|
|
BAM
14
Belpointe Asset Management
Reno,
Nevada
| – | -$2.49K | -24 | Closed |
|
BITI Hedge Fund Activity: Q2 2023 in Review
10 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in ProShares Short Bitcoin Strategy ETF (BITI) for Q2 2023, worth a combined $11.9M — down 39% from $19.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BITI and 3 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 1 added.
The largest buyer was MYDA Advisors, opening a new position worth an estimated $1.67M. The largest seller was Jane Street, cutting an estimated $3.07M.
- 10 institutional investors held ProShares Short Bitcoin Strategy ETF (BITI) as of Q2 2023, down from 11 in Q1 2023.
- Funds reported $11.9M of ProShares Short Bitcoin Strategy ETF stock for Q2 2023, down 39% quarter-over-quarter.
- 3 funds opened new ProShares Short Bitcoin Strategy ETF positions in Q2 2023 and 4 closed out, a net change of -1 holder.
- The largest ProShares Short Bitcoin Strategy ETF buyer in Q2 2023 was MYDA Advisors, an estimated $1.67M added.
- The largest ProShares Short Bitcoin Strategy ETF seller in Q2 2023 was Jane Street, an estimated $3.07M sold.
Based on aggregated 13F filings for Q2 2023.