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ProShares Bitcoin Strategy ETF
BITO

190 hedge funds and large institutions have $369M invested in ProShares Bitcoin Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 76 increasing their positions, 41 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 41

65% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 26

9% more funds holding

Funds holding: 175 → 190 (+15)

8% more capital invested

Capital invested by funds: $341M → $369M (+$27M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

1.11% less ownership

Funds ownership: 15.78% → 14.67% (-1.1%)

55% less call options, than puts

Call options by funds: $80.1M | Put options by funds: $178M

Holders
190
Holders Change
+15
Holders Change %
+8.57%
% of All Funds
2.5%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
43
Increased
76
Reduced
41
Closed
26
Calls
$80.1M
Puts
$178M
Net Calls
-$97.7M
Net Calls Change
-$53.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$36M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$19.2M
3
Citadel Advisors
Citadel Advisors
Florida
+$14.6M
4
RCMF
RK Capital Management (Florida)
Florida
+$9.95M
5
FCG
Fielder Capital Group
Tennessee
+$9.16M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$136M
2
PCP
Proficio Capital Partners
Massachusetts
-$4.43M
3
Group One Trading
Group One Trading
Illinois
-$4.01M
4
SNT
SIG North Trading
Pennsylvania
-$2.67M
5
Simplex Trading
Simplex Trading
Illinois
-$2.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
26
MML Investors Services
Massachusetts
$1.34M +$44K +2,132 +4%
UBS Group
27
UBS Group
Switzerland
$1.29M +$1.23M +59,400 +9,834%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$1.26M -$341K -16,537 -22%
N
29
Natixis
France
$1.21M -$1.03M -50,000 -47%
Bank of America
30
Bank of America
North Carolina
$1.1M -$619 -30 -0.1%
Creative Planning
31
Creative Planning
Kansas
$1.06M +$69.4K +3,363 +7%
SC
32
Scotia Capital
Ontario, Canada
$1.05M +$770K +37,337 +324%
BRWA
33
B. Riley Wealth Advisors
Florida
$991K +$950K +46,060 New
AUB
34
Atlantic Union Bankshares
Virginia
$974K +$1.51K +73 +0.2%
Mariner
35
Mariner
Kansas
$964K +$65.5K +3,175 +8%
PI
36
PFG Investments
New York
$933K +$6.48K +314 +0.7%
BCI
37
Brinker Capital Investments
Pennsylvania
$851K -$77K -3,733 -9%
AWA
38
Arkadios Wealth Advisors
Georgia
$818K -$10.4K -505 -1%
TCM
39
Triumph Capital Management
Colorado
$771K +$12.5K +604 +2%
WS
40
Wedbush Securities
California
$758K +$140K +6,786 +24%
ASN
41
Advisory Services Network
Georgia
$743K +$544K +26,382 +388%
Northern Trust
42
Northern Trust
Illinois
$732K +$124K +6,025 +22%
JP Morgan Chase
43
JP Morgan Chase
New York
$713K +$89.5K +4,338 +15%
WAP
44
Wealthcare Advisory Partners
Pennsylvania
$698K -$342K -16,592 -34%
CI
45
CX Institutional
Indiana
$687K +$72.4K +3,512 +12%
HighTower Advisors
46
HighTower Advisors
Illinois
$615K -$13.3K -644 -2%
KAS
47
Kestra Advisory Services
Texas
$551K +$74.2K +3,599 +16%
CA
48
Cannon Advisors
North Carolina
$545K +$39.6K +1,922 +8%
PWM
49
Perigon Wealth Management
California
$530K -$240K -11,643 -32%
PWM
50
Prosperity Wealth Management
California
$527K -$169K -8,176 -25%
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BITO Hedge Fund Activity: Q2 2025 in Review

190 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2025, worth a combined $369M — up 7.9% from $341M a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new BITO positions and 26 closed out — a net gain of 17 holders — while 76 added to existing stakes and 41 trimmed.

The largest buyer was Jane Street, adding an estimated $36M. The largest seller was Goldman Sachs, cutting an estimated $136M.

  • 190 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2025, up from 175 in Q1 2025.
  • Funds reported $369M of ProShares Bitcoin Strategy ETF stock for Q2 2025, up 7.9% quarter-over-quarter.
  • 43 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2025 and 26 closed out, a net change of +17 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2025 was Jane Street, an estimated $36M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2025 was Goldman Sachs, an estimated $136M sold.

Based on aggregated 13F filings for Q2 2025.