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ProShares Bitcoin Strategy ETF
BITO

175 hedge funds and large institutions have $341M invested in ProShares Bitcoin Strategy ETF in 2025 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 67 increasing their positions, 41 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 41

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

5.49% less ownership

Funds ownership: 21.27% → 15.78% (-5.5%)

11% less funds holding

Funds holding: 197 → 175 (-22)

29% less call options, than puts

Call options by funds: $106M | Put options by funds: $150M

29% less capital invested

Capital invested by funds: $484M → $341M (-$143M)

37% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 51

Holders
175
Holders Change
-22
Holders Change %
-11.17%
% of All Funds
2.35%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
32
Increased
67
Reduced
41
Closed
51
Calls
$106M
Puts
$150M
Net Calls
-$44M
Net Calls Change
-$86.2M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$107M
2
AA
Acorns Advisers
California
+$11.1M
3
RCMF
RK Capital Management (Florida)
Florida
+$7.63M
4
Group One Trading
Group One Trading
Illinois
+$4.75M
5
Simplex Trading
Simplex Trading
Illinois
+$3.01M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$95.5M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$51.7M
3
Citadel Advisors
Citadel Advisors
Florida
-$22.7M
4
SSG
Summit Securities Group
New York
-$6.73M
5
Belvedere Trading
Belvedere Trading
Illinois
-$3.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
Squarepoint
26
Squarepoint
New York
$1.02M +$13K +600 +1%
Bank of America
27
Bank of America
North Carolina
$939K -$586 -27 -0.1%
CCMT
28
CMT Capital Markets Trading
Germany
$919K +$1.09M +50,150 New
WAP
29
Wealthcare Advisory Partners
Pennsylvania
$898K +$1.06M +49,022 New
Creative Planning
30
Creative Planning
Kansas
$838K -$109K -5,038 -10%
AUB
31
Atlantic Union Bankshares
Virginia
$828K – – –
BCI
32
Brinker Capital Investments
Pennsylvania
$794K -$7.9K -364 -0.8%
OPS
33
Orion Portfolio Solutions
Nebraska
$794K -$7.9K -364 -0.8%
PI
34
PFG Investments
New York
$789K +$352K +16,221 +60%
Mariner
35
Mariner
Kansas
$762K +$412K +18,993 +84%
IWM
36
IHT Wealth Management
Illinois
$732K -$1.38M -63,499 -61%
AWA
37
Arkadios Wealth Advisors
Georgia
$706K +$85.1K +3,921 +11%
TWM
38
TCFG Wealth Management
California
$703K +$8.62K +397 +1%
SEA
39
Stegent Equity Advisors
Texas
$680K -$11.2K -514 -1%
PWM
40
Perigon Wealth Management
California
$665K -$19.8K -910 -2%
TCM
41
Triumph Capital Management
Colorado
$645K +$125K +5,756 +20%
CF
42
Claris Financial
Virginia
$632K – – –
PWM
43
Prosperity Wealth Management
California
$598K -$912 -42 -0.1%
HighTower Advisors
44
HighTower Advisors
Illinois
$536K -$58K -2,670 -8%
JP Morgan Chase
45
JP Morgan Chase
New York
$528K +$123K +5,676 +25%
WS
46
Wedbush Securities
California
$522K +$384K +17,700 +164%
CI
47
CX Institutional
Indiana
$521K +$188K +8,678 +44%
Northern Trust
48
Northern Trust
Illinois
$513K -$715K -32,925 -54%
Wealth Enhancement Advisory Services
49
Wealth Enhancement Advisory Services
Minnesota
$507K -$1.08M -49,897 -64%
Thrivent Financial for Lutherans
50
Thrivent Financial for Lutherans
Minnesota
$466K – – –
1
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BITO Hedge Fund Activity: Q1 2025 in Review

175 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2025, worth a combined $341M — down 29% from $484M a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of BITO and 32 opened new positions — a net loss of 19 holders — while 41 trimmed existing stakes and 67 added.

The largest buyer was Goldman Sachs, adding an estimated $107M. The largest seller was Jane Street, cutting an estimated $95.5M.

  • 175 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2025, down from 197 in Q4 2024.
  • Funds reported $341M of ProShares Bitcoin Strategy ETF stock for Q1 2025, down 29% quarter-over-quarter.
  • 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2025 and 51 closed out, a net change of -19 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2025 was Goldman Sachs, an estimated $107M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2025 was Jane Street, an estimated $95.5M sold.

Based on aggregated 13F filings for Q1 2025.