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ProShares Bitcoin Strategy ETF
BITO

202 hedge funds and large institutions have $1.39B invested in ProShares Bitcoin Strategy ETF in 2024 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 39 increasing their positions, 69 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more capital invested

Capital invested by funds: $771M → $1.39B (+$620M)

80% more funds holding in top 10

Funds holding in top 10: 5 → 9 (+4)

35% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 49

7% more funds holding

Funds holding: 189 → 202 (+13)

1.65% less ownership

Funds ownership: 48.28% → 46.63% (-1.7%)

14% less call options, than puts

Call options by funds: $191M | Put options by funds: $223M

43% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 69

Holders
202
Holders Change
+13
Holders Change %
+6.88%
% of All Funds
2.91%
Holding in Top 10
9
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+80%
% of All Funds
0.13%
New
66
Increased
39
Reduced
69
Closed
49
Calls
$191M
Puts
$223M
Net Calls
-$31.9M
Net Calls Change
-$41.3M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$304M
2
RCMF
RK Capital Management (Florida)
Florida
+$77.7M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$72.6M
4
Marshall Wace
Marshall Wace
United Kingdom
+$24.7M
5
SC
Sylebra Capital
California
+$19.5M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$267M
2
AIM
ARK Investment Management
Florida
-$108M
3
TF
Trek Financial
Arizona
-$8.89M
4
PA
Paragon Advisors
Texas
-$7.93M
5
AWM
AE Wealth Management
Kansas
-$7.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
SEA
26
Stegent Equity Advisors
Texas
$2.22M -$154K -6,120 -8%
DC
27
Diametric Capital
Massachusetts
$2.15M +$1.67M +66,515 New
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$1.96M -$5.66M -225,058 -79%
HF
29
HRT Financial
New York
$1.82M +$497K +19,755 +54%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$1.72M -$410K -16,276 -23%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$1.72M +$137K +5,427 +11%
NA
32
NewEdge Advisors
Louisiana
$1.69M -$392K -15,570 -23%
Creative Planning
33
Creative Planning
Kansas
$1.64M -$227K -9,024 -15%
OMC
34
Old Mission Capital
Illinois
$1.47M +$1.15M +45,618 New
AUB
35
Atlantic Union Bankshares
Virginia
$1.47M – – –
HighTower Advisors
36
HighTower Advisors
Illinois
$1.29M -$1.33M -52,885 -57%
GI
37
Gradient Investments
Minnesota
$1.26M +$85.5K +3,399 +10%
DAS
38
Dynamic Advisor Solutions
Arizona
$1.24M -$40.5K -1,609 -4%
FAM
39
Forte Asset Management
New York
$1.23M -$1.45M -57,686 -60%
PWM
40
Perigon Wealth Management
California
$1.23M -$460K -18,272 -32%
Goldman Sachs
41
Goldman Sachs
New York
$1.17M -$267M -10,602,496 -100%
SAM
42
Strategy Asset Managers
California
$1.14M +$110K +4,380 +14%
3AM
43
3EDGE Asset Management
Florida
$1.13M -$217K -8,634 -20%
PWM
44
Prosperity Wealth Management
California
$1.13M +$880K +34,950 New
PEA
45
Park Edge Advisors
Ohio
$1.1M +$861K +34,207 New
SCA
46
Sassicaia Capital Advisers
New York
$1.04M -$70.5K -2,800 -8%
BOC
47
Bull Oak Capital
California
$998K -$116K -4,613 -13%
DIM
48
Delta Investment Management
California
$974K +$156K +6,200 +26%
GS
49
GTS Securities
New York
$867K +$676K +26,854 New
SCM
50
Stevens Capital Management
Pennsylvania
$833K +$649K +25,789 New
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BITO Hedge Fund Activity: Q1 2024 in Review

202 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2024, worth a combined $1.39B — up 80% from $771M a quarter earlier.

Buyers outnumbered sellers: 66 funds opened new BITO positions and 49 closed out — a net gain of 17 holders — while 39 added to existing stakes and 69 trimmed.

The largest buyer was Jane Street, adding an estimated $304M. The largest seller was Goldman Sachs, cutting an estimated $267M.

  • 202 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2024, up from 189 in Q4 2023.
  • Funds reported $1.39B of ProShares Bitcoin Strategy ETF stock for Q1 2024, up 80% quarter-over-quarter.
  • 66 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2024 and 49 closed out, a net change of +17 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2024 was Jane Street, an estimated $304M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2024 was Goldman Sachs, an estimated $267M sold.

Based on aggregated 13F filings for Q1 2024.