ProShares Bitcoin Strategy ETF
BITO
175 hedge funds and large institutions have $341M invested in ProShares Bitcoin Strategy ETF in 2025 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 67 increasing their positions, 41 reducing their positions, and 51 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 41
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
5.49% less ownership
Funds ownership: 21.27% → 15.78% (-5.5%)
11% less funds holding
Funds holding: 197 → 175 (-22)
29% less call options, than puts
Call options by funds: $106M | Put options by funds: $150M
29% less capital invested
Capital invested by funds: $484M → $341M (-$143M)
37% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$107M |
| 2 |
AA
Acorns Advisers
Irvine,
California
|
+$11.1M |
| 3 |
RCMF
RK Capital Management (Florida)
Weston,
Florida
|
+$7.63M |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$4.75M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$95.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$51.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$22.7M |
| 4 |
SSG
Summit Securities Group
New York
|
-$6.73M |
| 5 |
Belvedere Trading
Chicago,
Illinois
|
-$3.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Fidelity Investments
Boston,
Massachusetts
| – | -$91 | -4 | Closed |
|
BITO Hedge Fund Activity: Q1 2025 in Review
175 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2025, worth a combined $341M — down 29% from $484M a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of BITO and 32 opened new positions — a net loss of 19 holders — while 41 trimmed existing stakes and 67 added.
The largest buyer was Goldman Sachs, adding an estimated $107M. The largest seller was Jane Street, cutting an estimated $95.5M.
- 175 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2025, down from 197 in Q4 2024.
- Funds reported $341M of ProShares Bitcoin Strategy ETF stock for Q1 2025, down 29% quarter-over-quarter.
- 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2025 and 51 closed out, a net change of -19 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q1 2025 was Goldman Sachs, an estimated $107M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q1 2025 was Jane Street, an estimated $95.5M sold.
Based on aggregated 13F filings for Q1 2025.