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ProShares Bitcoin Strategy ETF
BITO

185 hedge funds and large institutions have $767M invested in ProShares Bitcoin Strategy ETF in 2024 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 48

7% less call options, than puts

Call options by funds: $140M | Put options by funds: $150M

4.42% less ownership

Funds ownership: 46.63% → 42.21% (-4.4%)

8% less funds holding

Funds holding: 202 → 185 (-17)

33% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 48

44% less funds holding in top 10

Funds holding in top 10: 9 → 5 (-4)

45% less capital invested

Capital invested by funds: $1.39B → $767M (-$624M)

Holders
185
Holders Change
-17
Holders Change %
-8.42%
% of All Funds
2.67%
Holding in Top 10
5
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-44.44%
% of All Funds
0.07%
New
32
Increased
60
Reduced
48
Closed
48
Calls
$140M
Puts
$150M
Net Calls
-$10.2M
Net Calls Change
+$21.7M

Top Buyers

Rank Fund Capital Flow
1
RCMF
RK Capital Management (Florida)
Florida
+$23.1M
2
Citadel Advisors
Citadel Advisors
Florida
+$17.9M
3
AA
Acorns Advisers
California
+$8.66M
4
DS
DRW Securities
Illinois
+$4.31M
5
FIA
FNY Investment Advisers
New York
+$4.3M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$131M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$82.4M
3
Marshall Wace
Marshall Wace
United Kingdom
-$31.7M
4
Simplex Trading
Simplex Trading
Illinois
-$16.3M
5
SSG
Summit Securities Group
New York
-$14.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
SSG
26
Summit Securities Group
New York
$1.51M -$14.9M -558,400 -89%
SEA
27
Stegent Equity Advisors
Texas
$1.51M -$48K -1,793 -3%
NA
28
NewEdge Advisors
Louisiana
$1.34M +$198K +7,405 +14%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$1.29M +$114K +4,279 +8%
DC
30
Diametric Capital
Massachusetts
$1.29M -$245K -9,152 -14%
PEA
31
Park Edge Advisors
Ohio
$1.13M +$430K +16,062 +47%
AUB
32
Atlantic Union Bankshares
Virginia
$1.03M – – –
HighTower Advisors
33
HighTower Advisors
Illinois
$1.01M +$124K +4,653 +12%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$972K -$272K -10,172 -19%
CF
35
Cantor Fitzgerald
New York
$914K +$1.09M +40,600 New
DAS
36
Dynamic Advisor Solutions
Arizona
$908K +$54.5K +2,036 +5%
PWM
37
Perigon Wealth Management
California
$889K +$35.1K +1,311 +3%
FAM
38
Forte Asset Management
New York
$881K +$25.2K +943 +2%
Goldman Sachs
39
Goldman Sachs
New York
$812K – – –
SA
40
Sanctuary Advisors
Indiana
$811K +$783K +29,288 New
OC
41
Oppenheimer & Co
New York
$796K +$626K +23,390 +195%
PWM
42
Prosperity Wealth Management
California
$786K -$669 -25 -0.1%
Creative Planning
43
Creative Planning
Kansas
$771K -$443K -16,545 -33%
TCM
44
Triumph Capital Management
Colorado
$593K +$705K +26,354 New
PI
45
PFG Investments
New York
$593K +$168K +6,298 +31%
CWP
46
Cyndeo Wealth Partners
Florida
$544K -$3.21K -120 -0.5%
PWS
47
Precision Wealth Strategies
Missouri
$526K +$3.88K +145 +0.6%
GS
48
GTS Securities
New York
$496K -$128K -4,798 -18%
Wealth Enhancement Advisory Services
49
Wealth Enhancement Advisory Services
Minnesota
$489K +$40.1K +1,500 +7%
Mariner
50
Mariner
Kansas
$483K +$79.5K +2,973 +16%
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BITO Hedge Fund Activity: Q2 2024 in Review

185 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2024, worth a combined $767M — down 45% from $1.39B a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of BITO and 32 opened new positions — a net loss of 16 holders — while 48 trimmed existing stakes and 60 added.

The largest buyer was RK Capital Management (Florida), adding an estimated $23.1M. The largest seller was Jane Street, cutting an estimated $131M.

  • 185 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2024, down from 202 in Q1 2024.
  • Funds reported $767M of ProShares Bitcoin Strategy ETF stock for Q2 2024, down 45% quarter-over-quarter.
  • 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2024 and 48 closed out, a net change of -16 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2024 was RK Capital Management (Florida), an estimated $23.1M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2024 was Jane Street, an estimated $131M sold.

Based on aggregated 13F filings for Q2 2024.