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ProShares Bitcoin Strategy ETF
BITO

144 hedge funds and large institutions have $288M invested in ProShares Bitcoin Strategy ETF in 2022 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 35 increasing their positions, 14 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 14

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

50% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 40

28% more capital invested

Capital invested by funds: $225M → $288M (+$63.5M)

13% more funds holding

Funds holding: 127 → 144 (+17)

2.72% more ownership

Funds ownership: 19.34% → 22.06% (+2.7%)

46% less call options, than puts

Call options by funds: $132M | Put options by funds: $243M

Holders
144
Holders Change
+17
Holders Change %
+13.39%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
60
Increased
35
Reduced
14
Closed
40
Calls
$132M
Puts
$243M
Net Calls
-$112M
Net Calls Change
-$92.8M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$37.4M
2
KC
KCL Capital
New York
+$13M
3
BFG
Bouchey Financial Group
New York
+$12.9M
4
FTUS
Flow Traders U.S.
New York
+$9.66M
5
Barclays
Barclays
United Kingdom
+$4.28M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$18.9M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.3M
3
PWAM
Park West Asset Management
California
-$5.78M
4
HighTower Advisors
HighTower Advisors
Illinois
-$3.94M
5
Millennium Management
Millennium Management
New York
-$3.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$1.3M -$216K -8,289 -15%
HighTower Advisors
27
HighTower Advisors
Illinois
$1.26M -$3.94M -151,152 -77%
Creative Planning
28
Creative Planning
Kansas
$1.25M +$474K +18,173 +71%
Simplex Trading
29
Simplex Trading
Illinois
$1.04M +$953K +36,527 New
JF
30
Jump Financial
Illinois
$1.01M +$923K +35,386 New
EPA
31
Element Pointe Advisors
Florida
$1M +$130K +5,000 +17%
WFA
32
West Financial Advisors
Iowa
$986K +$875K +33,539 +3,354%
AA
33
Acorns Advisers
California
$915K +$836K +32,039 New
AUB
34
Atlantic Union Bankshares
Virginia
$889K +$812K +31,120 New
PWS
35
Precision Wealth Strategies
Missouri
$886K +$809K +31,005 New
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$869K +$448K +17,171 +129%
RTS
37
Round Table Services
New Jersey
$714K – – –
AIS
38
AM Investment Strategies
Tennessee
$714K +$104 +4 +0%
EF
39
Empowered Funds
Pennsylvania
$667K +$609K +23,343 New
MWM
40
Merriman Wealth Management
Washington
$514K +$470K +18,000 New
NIM
41
Northeast Investment Management
Massachusetts
$505K +$99.4K +3,810 +27%
SWA
42
Strategies Wealth Advisors
Michigan
$480K +$439K +16,813 New
3AM
43
3EDGE Asset Management
Florida
$457K +$417K +15,987 New
PA
44
Paragon Advisors
Texas
$454K +$415K +15,896 New
CCFM
45
Clear Creek Financial Management
Washington
$431K +$394K +15,103 New
US Bancorp
46
US Bancorp
Minnesota
$411K +$26.1K +1,000 +7%
BCM
47
Bluefin Capital Management
New York
$370K +$338K +12,951 New
FCH
48
Freestone Capital Holdings
Washington
$316K +$289K +11,072 New
MW
49
Milestone Wealth
New York
$289K – – –
SBIA
50
Sheaff Brock Investment Advisors
Indiana
$286K – – –
1
2
3 4 5

BITO Hedge Fund Activity: Q1 2022 in Review

144 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2022, worth a combined $288M — up 28% from $225M a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new BITO positions and 40 closed out — a net gain of 20 holders — while 35 added to existing stakes and 14 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $37.4M. The largest seller was Jane Street, cutting an estimated $18.9M.

  • 144 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2022, up from 127 in Q4 2021.
  • Funds reported $288M of ProShares Bitcoin Strategy ETF stock for Q1 2022, up 28% quarter-over-quarter.
  • 60 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2022 and 40 closed out, a net change of +20 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2022 was Citadel Advisors, an estimated $37.4M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2022 was Jane Street, an estimated $18.9M sold.

Based on aggregated 13F filings for Q1 2022.