ProShares Short Bitcoin Strategy ETF
BITI
13 hedge funds and large institutions have $9.2M invested in ProShares Short Bitcoin Strategy ETF in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
90% more call options, than puts
Call options by funds: $3.97M | Put options by funds: $2.09M
30% more funds holding
Funds holding: 10 → 13 (+3)
6.66% more ownership
Funds ownership: 13.63% → 20.29% (+6.7%)
7% less capital invested
Capital invested by funds: $9.93M → $9.2M (-$730K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$1.9M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$1.14M |
| 3 |
SCA
Sassicaia Capital Advisers
Jericho,
New York
|
+$770K |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$637K |
| 5 |
HF
HRT Financial
New York
|
+$471K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$1.25M |
| 2 |
ICM
Ionic Capital Management
New York
|
-$708K |
| 3 |
Jane Street
New York
|
-$642K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$283K |
| 5 |
HT
Headlands Technologies
Chicago,
Illinois
|
-$9.68K |
BITI Hedge Fund Activity: Q4 2023 in Review
13 of the 6,870 institutional investors tracked by Wall St. Rank reported a position in ProShares Short Bitcoin Strategy ETF (BITI) for Q4 2023, worth a combined $9.2M — down 7.3% from $9.93M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BITI positions and 3 closed out — a net gain of 3 holders — while 4 added to existing stakes and 2 trimmed.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $1.9M. The largest seller was Parallax Volatility Advisers, exiting entirely with an estimated $1.25M sold.
- 13 institutional investors held ProShares Short Bitcoin Strategy ETF (BITI) as of Q4 2023, up from 10 in Q3 2023.
- Funds reported $9.2M of ProShares Short Bitcoin Strategy ETF stock for Q4 2023, down 7.3% quarter-over-quarter.
- 6 funds opened new ProShares Short Bitcoin Strategy ETF positions in Q4 2023 and 3 closed out, a net change of +3 holders.
- The largest ProShares Short Bitcoin Strategy ETF buyer in Q4 2023 was Renaissance Technologies, an estimated $1.9M added.
- The largest ProShares Short Bitcoin Strategy ETF seller in Q4 2023 was Parallax Volatility Advisers, an estimated $1.25M sold.
Based on aggregated 13F filings for Q4 2023.