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.
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)
19.18% less ownership
Funds ownership: 37.47% → 18.29% (-19%)
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 |
BITI Hedge Fund Activity: Q2 2023 in Review
10 of the 6,384 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.