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ProShares Bitcoin Strategy ETF
BITO

144 hedge funds and large institutions have $288M invested in ProShares Bitcoin Strategy ETF in 2022 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 35 increasing their positions, 14 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 14

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

50% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 40

28% more capital invested

Capital invested by funds: $225M → $288M (+$63.5M)

13% more funds holding

Funds holding: 127 → 144 (+17)

2.72% more ownership

Funds ownership: 19.34% → 22.06% (+2.7%)

46% less call options, than puts

Call options by funds: $132M | Put options by funds: $243M

Holders
144
Holders Change
+17
Holders Change %
+13.39%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
60
Increased
35
Reduced
14
Closed
40
Calls
$132M
Puts
$243M
Net Calls
-$112M
Net Calls Change
-$92.8M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$37.4M
2
KC
KCL Capital
New York
+$13M
3
BFG
Bouchey Financial Group
New York
+$12.9M
4
FTUS
Flow Traders U.S.
New York
+$9.66M
5
Barclays
Barclays
United Kingdom
+$4.28M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$18.9M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.3M
3
PWAM
Park West Asset Management
California
-$5.78M
4
HighTower Advisors
HighTower Advisors
Illinois
-$3.94M
5
Millennium Management
Millennium Management
New York
-$3.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
Qube Research & Technologies (QRT)
51
Qube Research & Technologies (QRT)
United Kingdom
$267K +$244K +9,366 New
KAS
52
Kestra Advisory Services
Texas
$265K +$242K +9,287 New
BC
53
Burleson & Co
California
$257K +$235K +9,000 New
DI
54
Diligent Investors
California
$251K +$230K +8,806 New
CIBC Private Wealth Group
55
CIBC Private Wealth Group
Georgia
$233K +$235 +9 +0.1%
Mercer Global Advisors
56
Mercer Global Advisors
Colorado
$223K +$204K +7,824 New
OC
57
Oppenheimer & Co
New York
$223K +$204K +7,825 New
BRWM
58
B. Riley Wealth Management
Tennessee
$218K -$298K -11,410 -60%
IIL
59
Insight Inv LLC
California
$218K +$18.3K +700 +10%
Thrivent Financial for Lutherans
60
Thrivent Financial for Lutherans
Minnesota
$218K +$200K +7,650 New
KA
61
Kovack Advisors
Florida
$214K – – –
AMC
62
Asset Management Corp
Illinois
$214K +$195K +7,483 New
CG
63
Cutler Group
California
$211K +$193K +7,400 New
CG
64
CFO4Life Group
Texas
$209K +$443 +17 +0.2%
AP
65
Adero Partners
California
$207K +$189K +7,250 New
AF
66
Advisornet Financial
Minnesota
$189K +$33.6K +1,289 +24%
IA
67
IFP Advisors
Florida
$185K +$111K +4,246 +2,498%
KTC
68
Kistler-Tiffany Companies
Pennsylvania
$163K +$66.2K +2,538 +80%
LSA
69
Lansing Street Advisors
Pennsylvania
$137K +$134K +5,150 New
William Blair & Company
70
William Blair & Company
Illinois
$114K – – –
CAL
71
Capital Advisors Ltd
Ohio
$85K – – –
LFG
72
Larson Financial Group
Missouri
$84K +$24.1K +923 +45%
MPWT
73
MassMutual Private Wealth & Trust
Connecticut
$65K – – –
TWC
74
TD Waterhouse Canada
Ontario, Canada
$61.3K -$98K -3,757 -67%
CAGAS
75
Capital Advisory Group Advisory Services
Minnesota
$58K +$52.6K +2,018 New
1 2
3
4 5

BITO Hedge Fund Activity: Q1 2022 in Review

144 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2022, worth a combined $288M — up 28% from $225M a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new BITO positions and 40 closed out — a net gain of 20 holders — while 35 added to existing stakes and 14 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $37.4M. The largest seller was Jane Street, cutting an estimated $18.9M.

  • 144 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2022, up from 127 in Q4 2021.
  • Funds reported $288M of ProShares Bitcoin Strategy ETF stock for Q1 2022, up 28% quarter-over-quarter.
  • 60 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2022 and 40 closed out, a net change of +20 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2022 was Citadel Advisors, an estimated $37.4M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2022 was Jane Street, an estimated $18.9M sold.

Based on aggregated 13F filings for Q1 2022.