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ProShares Bitcoin Strategy ETF
BITO

157 hedge funds and large institutions have $216M invested in ProShares Bitcoin Strategy ETF in 2022 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 25 increasing their positions, 36 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

3% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 40

0.59% more ownership

Funds ownership: 37.87% → 38.47% (+0.59%)

2% less funds holding

Funds holding: 160 → 157 (-3)

8% less capital invested

Capital invested by funds: $234M → $216M (-$18.1M)

31% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 36

44% less call options, than puts

Call options by funds: $48.7M | Put options by funds: $86.7M

Holders
157
Holders Change
-3
Holders Change %
-1.88%
% of All Funds
2.52%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
41
Increased
25
Reduced
36
Closed
40
Calls
$48.7M
Puts
$86.7M
Net Calls
-$37.9M
Net Calls Change
-$7.47M

Top Buyers

Rank Fund Capital Flow
1
FA
Faithward Advisors
Pennsylvania
+$15.8M
2
Goldman Sachs
Goldman Sachs
New York
+$5.99M
3
AA
Acorns Advisers
California
+$5.04M
4
BCM
Bluefin Capital Management
New York
+$3.17M
5
Barclays
Barclays
United Kingdom
+$3.04M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$5.43M
2
Jane Street
Jane Street
New York
-$4.93M
3
IC
IEQ Capital
California
-$2.73M
4
FTUS
Flow Traders U.S.
New York
-$2.56M
5
PCM
Prelude Capital Management
New York
-$1.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
51
Advisory Services Network
Georgia
$180K -$3.37K -302 -2%
OMC
52
Old Mission Capital
Illinois
$173K +$185K +16,599 New
LA
53
LexAurum Advisors
Kansas
$166K +$178K +15,920 New
IA
54
IFP Advisors
Florida
$148K -$10.5K -939 -21%
KAS
55
Kestra Advisory Services
Texas
$145K +$28.9K +2,592 +23%
PHS
56
Pekin Hardy Strauss
Illinois
$144K +$155K +13,850 New
JWM
57
Jeppson Wealth Management
California
$143K +$153K +13,680 New
CAPTRUST Financial Advisors
58
CAPTRUST Financial Advisors
North Carolina
$138K +$148K +13,235 New
Cetera Investment Advisers
59
Cetera Investment Advisers
Illinois
$136K -$32.8K -2,941 -18%
AWM
60
AE Wealth Management
Kansas
$130K -$946K -84,732 -87%
S
61
SignatureFD
Georgia
$129K -$11 -1 -0%
CAN
62
Cetera Advisor Networks
California
$127K -$2.14K -192 -2%
AFAS
63
Acorn Financial Advisory Services
Virginia
$113K +$121K +10,800 New
Envestnet Asset Management
64
Envestnet Asset Management
Illinois
$111K -$567K -50,831 -83%
WS
65
Wedbush Securities
California
$110K -$11.2K -1,000 -9%
TA
66
Tectonic Advisors
Texas
$108K +$115K +10,333 New
EPA
67
Element Pointe Advisors
Florida
$104K -$512K -45,850 -82%
SC
68
Sepio Capital
Utah
$104K +$112K +10,000 New
PA
69
Parallel Advisors
California
$103K – – –
Osaic Holdings
70
Osaic Holdings
Arizona
$91.7K -$18.8K -1,682 -16%
MPWT
71
MassMutual Private Wealth & Trust
Connecticut
$81K – – –
JP Morgan Chase
72
JP Morgan Chase
New York
$60K +$64.2K +5,752 New
LSA
73
Lansing Street Advisors
Pennsylvania
$53.7K – – –
HHGC
74
Hunting Hill Global Capital
New York
$52.1K +$55.8K +5,000 New
KTC
75
Kistler-Tiffany Companies
Pennsylvania
$48.5K -$57.9K -5,183 -53%
1 2
3
4 5

BITO Hedge Fund Activity: Q4 2022 in Review

157 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2022, worth a combined $216M — down 7.7% from $234M a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new BITO positions and 40 closed out — a net gain of 1 holder — while 25 added to existing stakes and 36 trimmed.

The largest buyer was Faithward Advisors, opening a new position worth an estimated $15.8M. The largest seller was Citadel Advisors, exiting entirely with an estimated $5.43M sold.

  • 157 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2022, down from 160 in Q3 2022.
  • Funds reported $216M of ProShares Bitcoin Strategy ETF stock for Q4 2022, down 7.7% quarter-over-quarter.
  • 41 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2022 and 40 closed out, a net change of +1 holder.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q4 2022 was Faithward Advisors, an estimated $15.8M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q4 2022 was Citadel Advisors, an estimated $5.43M sold.

Based on aggregated 13F filings for Q4 2022.