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ProShares Bitcoin Strategy ETF
BITO

175 hedge funds and large institutions have $241M invested in ProShares Bitcoin Strategy ETF in 2022 Q2 according to their latest regulatory filings, with 62 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 21

107% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 30

22% more funds holding

Funds holding: 144 → 175 (+31)

17.16% more ownership

Funds ownership: 22.06% → 39.22% (+17%)

16% less capital invested

Capital invested by funds: $288M → $241M (-$46.5M)

62% less call options, than puts

Call options by funds: $44.7M | Put options by funds: $116M

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
175
Holders Change
+31
Holders Change %
+21.53%
% of All Funds
2.95%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
62
Increased
47
Reduced
21
Closed
30
Calls
$44.7M
Puts
$116M
Net Calls
-$71.4M
Net Calls Change
+$40.1M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$175M
2
AA
Acorns Advisers
California
+$25.7M
3
Barclays
Barclays
United Kingdom
+$14.8M
4
Renaissance Technologies
Renaissance Technologies
New York
+$8.77M
5
Simplex Trading
Simplex Trading
Illinois
+$8.08M

Top Sellers

1
Jane Street
Jane Street
New York
-$38.9M
2
KC
KCL Capital
New York
-$14.3M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$12.3M
4
Citadel Advisors
Citadel Advisors
Florida
-$5.91M
5
FTUS
Flow Traders U.S.
New York
-$5.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
FTUS
26
Flow Traders U.S.
New York
$1.2M -$5.38M -267,273 -72%
PWM
27
Pinnacle Wealth Management
California
$1.18M +$129K +6,388 +7%
IMC Chicago
28
IMC Chicago
Illinois
$1.12M +$1.95M +96,675 New
TRCT
29
Tower Research Capital (TRC)
New York
$1.1M +$1.89M +93,909 +8,935%
JG
30
Jefferies Group
New York
$1.07M +$443K +22,000 +31%
Financial Engines Advisors
31
Financial Engines Advisors
California
$1.04M +$856K +42,524 +90%
EWM
32
Executive Wealth Management
Michigan
$871K +$266K +13,195 +21%
Millennium Management
33
Millennium Management
New York
$727K -$132K -6,578 -10%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$663K +$1.15M +56,961 New
Creative Planning
35
Creative Planning
Kansas
$595K +$154K +7,632 +17%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$594K +$114K +5,672 +12%
T
37
TCWP
Ohio
$584K +$69.8K +3,466 +7%
WFA
38
West Financial Advisors
Iowa
$568K +$290K +14,399 +42%
EPA
39
Element Pointe Advisors
Florida
$532K +$218K +10,850 +31%
CAM
40
Cresset Asset Management
Illinois
$522K +$904K +44,938 New
TI
41
Truepoint Inc
Ohio
$486K +$843K +41,900 New
FIM
42
Freedom Investment Management
Connecticut
$468K +$812K +40,345 New
AFS
43
Amtrust Financial Services
New York
$464K +$805K +40,000 New
BC
44
Burleson & Co
California
$448K +$596K +29,600 +329%
PWS
45
Precision Wealth Strategies
Missouri
$419K +$71.1K +3,533 +11%
ACA
46
Ackerman Capital Advisors
Texas
$409K -$764K -37,943 -52%
AUB
47
Atlantic Union Bankshares
Virginia
$379K +$30.7K +1,525 +5%
Wolverine Trading
48
Wolverine Trading
Illinois
$378K +$610K +30,285 New
3AM
49
3EDGE Asset Management
Florida
$376K +$330K +16,392 +103%
AF
50
Advisornet Financial
Minnesota
$368K +$505K +25,093 +378%
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BITO Hedge Fund Activity: Q2 2022 in Review

175 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2022, worth a combined $241M — down 16% from $288M a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new BITO positions and 30 closed out — a net gain of 32 holders — while 47 added to existing stakes and 21 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $175M. The largest seller was Jane Street, cutting an estimated $38.9M.

  • 175 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2022, up from 144 in Q1 2022.
  • Funds reported $241M of ProShares Bitcoin Strategy ETF stock for Q2 2022, down 16% quarter-over-quarter.
  • 62 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2022 and 30 closed out, a net change of +32 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2022 was Goldman Sachs, an estimated $175M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2022 was Jane Street, an estimated $38.9M sold.

Based on aggregated 13F filings for Q2 2022.