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ProShares Bitcoin Strategy ETF
BITO

189 hedge funds and large institutions have $771M invested in ProShares Bitcoin Strategy ETF in 2023 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 52 increasing their positions, 36 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more capital invested

Capital invested by funds: $248M → $771M (+$522M)

165% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 23

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

44% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 36

24% more funds holding

Funds holding: 153 → 189 (+36)

20.81% more ownership

Funds ownership: 27.47% → 48.28% (+21%)

7% more call options, than puts

Call options by funds: $135M | Put options by funds: $126M

Holders
189
Holders Change
+36
Holders Change %
+23.53%
% of All Funds
2.76%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
61
Increased
52
Reduced
36
Closed
23
Calls
$135M
Puts
$126M
Net Calls
+$9.38M
Net Calls Change
-$23.2M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$101M
2
AIM
ARK Investment Management
Florida
+$82.3M
3
Jane Street
Jane Street
New York
+$67.7M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$63.7M
5
Simplex Trading
Simplex Trading
Illinois
+$9.56M

Top Sellers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
-$2.22M
2
TRCT
Tower Research Capital (TRC)
New York
-$2.2M
3
WAM
Weiss Asset Management
Massachusetts
-$1.96M
4
PWM
Pinnacle Wealth Management
California
-$1.84M
5
IPW
Impact Partnership Wealth
Georgia
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
EC
26
Elequin Capital
New York
$1.79M +$1.58M +87,265 New
LPL Financial
27
LPL Financial
California
$1.72M +$1.52M +84,034 New
LA
28
Lifeworks Advisors
Michigan
$1.54M +$268K +14,809 +25%
SEA
29
Stegent Equity Advisors
Texas
$1.54M +$1.36M +74,923 New
IPW
30
Impact Partnership Wealth
Georgia
$1.53M -$1.82M -100,549 -57%
AWM
31
Axxcess Wealth Management
California
$1.43M +$1.26M +69,912 New
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$1.43M +$476K +26,308 +61%
NA
33
NewEdge Advisors
Louisiana
$1.28M +$1.23M +67,909 New
Millennium Management
34
Millennium Management
New York
$1.28M -$181K -10,000 -14%
RAM
35
Revere Asset Management
Texas
$1.28M +$1.13M +62,387 New
PCP
36
Proficio Capital Partners
Massachusetts
$1.25M +$1.11M +61,115 New
Creative Planning
37
Creative Planning
Kansas
$1.23M +$248K +13,729 +30%
CAM
38
Cresset Asset Management
Illinois
$1.22M +$1.08M +59,489 New
PWM
39
Perigon Wealth Management
California
$1.16M -$301K -16,620 -23%
SWP
40
Stratos Wealth Partners
Ohio
$1.03M +$907K +50,106 New
PCM
41
Prelude Capital Management
New York
$1.02M -$905K -50,000 -50%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$979K -$11.5K -635 -1%
AUB
43
Atlantic Union Bankshares
Virginia
$934K – – –
3AM
44
3EDGE Asset Management
Florida
$896K +$76.2K +4,213 +11%
DAS
45
Dynamic Advisor Solutions
Arizona
$854K -$759K -41,953 -51%
ICP
46
Interchange Capital Partners
Pennsylvania
$831K +$116K +6,420 New
AFS
47
Amtrust Financial Services
New York
$820K – – –
FA
48
FDx Advisors
Illinois
$796K +$703K +38,847 New
NL
49
NKCFO LLC
Illinois
$779K +$362K +20,000 +111%
HF
50
HRT Financial
New York
$749K +$126K +6,948 +23%
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BITO Hedge Fund Activity: Q4 2023 in Review

189 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2023, worth a combined $771M — up 210% from $248M a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new BITO positions and 23 closed out — a net gain of 38 holders — while 52 added to existing stakes and 36 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $101M. The largest seller was Acorns Advisers, cutting an estimated $2.22M.

  • 189 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2023, up from 153 in Q3 2023.
  • Funds reported $771M of ProShares Bitcoin Strategy ETF stock for Q4 2023, up 210% quarter-over-quarter.
  • 61 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2023 and 23 closed out, a net change of +38 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q4 2023 was Goldman Sachs, an estimated $101M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q4 2023 was Acorns Advisers, an estimated $2.22M sold.

Based on aggregated 13F filings for Q4 2023.