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ProShares Bitcoin Strategy ETF
BITO

176 hedge funds and large institutions have $453M invested in ProShares Bitcoin Strategy ETF in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 64 increasing their positions, 46 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 46

21% more call options, than puts

Call options by funds: $369M | Put options by funds: $305M

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

5% less funds holding

Funds holding: 185 → 176 (-9)

17.95% less ownership

Funds ownership: 42.21% → 24.26% (-18%)

22% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 36

41% less capital invested

Capital invested by funds: $767M → $453M (-$314M)

Holders
176
Holders Change
-9
Holders Change %
-4.86%
% of All Funds
2.53%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
28
Increased
64
Reduced
46
Closed
36
Calls
$369M
Puts
$305M
Net Calls
+$64.3M
Net Calls Change
+$74.5M

Top Buyers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
+$13.6M
2
Belvedere Trading
Belvedere Trading
Illinois
+$7.64M
3
PCM
Prelude Capital Management
New York
+$5.79M
4
JFG
Jefferies Financial Group
New York
+$4.98M
5
HF
HRT Financial
New York
+$2.89M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$146M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$41.4M
3
RCMF
RK Capital Management (Florida)
Florida
-$21.5M
4
SC
Sylebra Capital
California
-$17.4M
5
UCMOK
United Capital Management of KS
Kansas
-$8.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$1.62M +$266K +13,318 +19%
SSG
27
Summit Securities Group
New York
$1.45M +$165K +8,300 +12%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$1.31M +$215K +10,765 +19%
SOS
29
Silver Oak Securities
Tennessee
$1.28M +$1.27M +63,877 +9,577%
DAS
30
Dynamic Advisor Solutions
Arizona
$1.16M +$405K +20,306 +50%
JGC
31
J. Goldman & Co
New York
$1.15M +$1.2M +60,000 New
Goldman Sachs
32
Goldman Sachs
New York
$929K +$246K +12,361 +34%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$891K +$65K +3,262 +8%
AUB
34
Atlantic Union Bankshares
Virginia
$867K -$7.88K -395 -0.9%
PWM
35
Perigon Wealth Management
California
$791K +$34.1K +1,710 +4%
HighTower Advisors
36
HighTower Advisors
Illinois
$788K -$71K -3,562 -8%
SEA
37
Stegent Equity Advisors
Texas
$766K -$540K -27,073 -40%
OMC
38
Old Mission Capital
Illinois
$681K -$2.59M -130,055 -79%
TCM
39
Triumph Capital Management
Colorado
$676K +$177K +8,891 +34%
PWM
40
Prosperity Wealth Management
California
$666K -$4.39K -220 -0.6%
Creative Planning
41
Creative Planning
Kansas
$661K +$3.73K +187 +0.5%
BCI
42
Brinker Capital Investments
Pennsylvania
$510K +$121K +6,066 +30%
OPS
43
Orion Portfolio Solutions
Nebraska
$510K +$121K +6,066 +30%
PI
44
PFG Investments
New York
$504K -$1.75K -88 -0.3%
JP Morgan Chase
45
JP Morgan Chase
New York
$483K +$485K +24,348 +2,930%
CWP
46
Cyndeo Wealth Partners
Florida
$467K +$3.33K +167 +0.7%
Balyasny Asset Management
47
Balyasny Asset Management
Illinois
$451K +$469K +23,500 New
Wealth Enhancement Advisory Services
48
Wealth Enhancement Advisory Services
Minnesota
$448K +$32.7K +1,642 +8%
AFP
49
Ausdal Financial Partners
Iowa
$444K +$461K +23,138 New
EMAM
50
Encompass More Asset Management
California
$427K +$444K +22,253 New
1
2
3 4 5

BITO Hedge Fund Activity: Q3 2024 in Review

176 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2024, worth a combined $453M — down 41% from $767M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of BITO and 28 opened new positions — a net loss of 8 holders — while 46 trimmed existing stakes and 64 added.

The largest buyer was Acorns Advisers, adding an estimated $13.6M. The largest seller was Jane Street, cutting an estimated $146M.

  • 176 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2024, down from 185 in Q2 2024.
  • Funds reported $453M of ProShares Bitcoin Strategy ETF stock for Q3 2024, down 41% quarter-over-quarter.
  • 28 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2024 and 36 closed out, a net change of -8 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2024 was Acorns Advisers, an estimated $13.6M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2024 was Jane Street, an estimated $146M sold.

Based on aggregated 13F filings for Q3 2024.