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ProShares Bitcoin Strategy ETF
BITO

153 hedge funds and large institutions have $248M invested in ProShares Bitcoin Strategy ETF in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $91.2M | Put options by funds: $58.6M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

26% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 39

5% less funds holding

Funds holding: 161 → 153 (-8)

18.88% less ownership

Funds ownership: 46.35% → 27.47% (-19%)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

49% less capital invested

Capital invested by funds: $483M → $248M (-$234M)

Holders
153
Holders Change
-8
Holders Change %
-4.97%
% of All Funds
2.43%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
20
Increased
49
Reduced
39
Closed
25
Calls
$91.2M
Puts
$58.6M
Net Calls
+$32.6M
Net Calls Change
+$53.4M

Top Buyers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
+$3.06M
2
TRCT
Tower Research Capital (TRC)
New York
+$2.34M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.14M
4
WAM
Weiss Asset Management
Massachusetts
+$2.08M
5
IMC Chicago
IMC Chicago
Illinois
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$72.2M
2
Jane Street
Jane Street
New York
-$51.8M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$39.2M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.09M
5
SOS
Silver Oak Securities
Tennessee
-$2.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$1M +$87.9K +6,000 +9%
Simplex Trading
27
Simplex Trading
Illinois
$946K +$946K +64,593 +1,640%
BOC
28
Bull Oak Capital
California
$907K +$963K +65,696 New
LA
29
Lifeworks Advisors
Michigan
$830K +$328K +22,388 +59%
SI
30
Symmetry Investments
Jersey
$688K +$437K +29,800 +149%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$669K +$52.3K +3,569 +8%
Belvedere Trading
32
Belvedere Trading
Illinois
$666K +$371K +25,338 +111%
Creative Planning
33
Creative Planning
Kansas
$637K -$215K -14,678 -24%
AUB
34
Atlantic Union Bankshares
Virginia
$630K +$74.1K +5,060 +12%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$598K +$50.4K +3,442 +9%
3AM
36
3EDGE Asset Management
Florida
$557K +$74.3K +5,071 +15%
AFS
37
Amtrust Financial Services
New York
$552K – – –
GI
38
Gradient Investments
Minnesota
$470K +$39.7K +2,709 +9%
HF
39
HRT Financial
New York
$408K +$434K +29,608 New
IWC
40
Integrated Wealth Concepts
Massachusetts
$403K +$138K +9,439 +48%
SFS
41
Sowell Financial Services
Arkansas
$366K -$38.8K -2,650 -9%
EWA
42
Evolution Wealth Advisors
Florida
$357K – – –
RWM
43
Revisor Wealth Management
Ohio
$348K +$73.4K +5,011 +25%
Betterment LLC
44
Betterment LLC
New York
$336K +$54.9K +3,750 +18%
AF
45
Advisornet Financial
Minnesota
$321K -$259K -17,704 -43%
PWS
46
Precision Wealth Strategies
Missouri
$312K -$7.79K -532 -2%
CIBC Private Wealth Group
47
CIBC Private Wealth Group
Georgia
$307K +$557 +38 +0.2%
AFG
48
Altiora Financial Group
Ohio
$293K +$32K +2,184 +11%
CCM
49
Chiron Capital Management
Florida
$283K -$24.9K -1,700 -8%
DI
50
Diligent Investors
California
$282K – – –
1
2
3 4 5

BITO Hedge Fund Activity: Q3 2023 in Review

153 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2023, worth a combined $248M — down 49% from $483M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of BITO and 20 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 49 added.

The largest buyer was Acorns Advisers, adding an estimated $3.06M. The largest seller was Goldman Sachs, cutting an estimated $72.2M.

  • 153 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2023, down from 161 in Q2 2023.
  • Funds reported $248M of ProShares Bitcoin Strategy ETF stock for Q3 2023, down 49% quarter-over-quarter.
  • 20 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2023 and 25 closed out, a net change of -5 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2023 was Acorns Advisers, an estimated $3.06M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2023 was Goldman Sachs, an estimated $72.2M sold.

Based on aggregated 13F filings for Q3 2023.