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ProShares Bitcoin Strategy ETF

151 hedge funds and large institutions have $388M invested in ProShares Bitcoin Strategy ETF in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 41 increasing their positions, 30 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more capital invested

Capital invested by funds: $216M → $388M (+$172M)

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

37% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 30

2.78% more ownership

Funds ownership: 38.47%41.24% (+2.8%)

3% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 33

4% less funds holding

Funds holding: 157151 (-6)

10% less call options, than puts

Call options by funds: $140M | Put options by funds: $155M

Holders
151
Holders Change
-6
Holders Change %
-3.82%
% of All Funds
2.41%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
34
Increased
41
Reduced
30
Closed
33
Calls
$140M
Puts
$155M
Net Calls
-$15.9M
Net Calls Change
+$22.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Envestnet Asset Management
51
Envestnet Asset Management
Illinois
$278K +$75.4K +5,252 +50%
Mariner
52
Mariner
Kansas
$264K +$216K +15,069 New
CAN
53
Cetera Advisor Networks
California
$263K +$40.3K +2,808 +23%
LA
54
LexAurum Advisors
Kansas
$263K -$13.1K -912 -6%
JGC
55
J. Goldman & Co
New York
$263K +$215K +15,000 New
AFAS
56
Acorn Financial Advisory Services
Virginia
$258K +$56K +3,901 +36%
PHS
57
Pekin Hardy Strauss
Illinois
$246K +$2.87K +200 +1%
JWM
58
Jeppson Wealth Management
California
$237K -$1.94K -135 -1%
AWA
59
Arkadios Wealth Advisors
Georgia
$233K +$191K +13,297 New
CAPTRUST Financial Advisors
60
CAPTRUST Financial Advisors
North Carolina
$230K -$1.77K -123 -0.9%
Cetera Investment Advisers
61
Cetera Investment Advisers
Illinois
$229K +$761 +53 +0.4%
CI
62
CX Institutional
Indiana
$222K -$117K -8,138 -38%
KAS
63
Kestra Advisory Services
Texas
$213K -$25.9K -1,803 -13%
WCP
64
Wick Capital Partners
Pennsylvania
$207K +$169K +11,796 New
TA
65
Tectonic Advisors
Texas
$207K +$21.3K +1,481 +14%
EPA
66
Element Pointe Advisors
Florida
$175K
SC
67
Sepio Capital
Utah
$175K
PA
68
Parallel Advisors
California
$174K
S
69
SignatureFD
Georgia
$163K -$44.4K -3,091 -25%
MPWT
70
MassMutual Private Wealth & Trust
Connecticut
$136K
SC
71
Shay Capital
New York
$105K +$86.2K +6,000 New
Osaic Holdings
72
Osaic Holdings
Arizona
$104K -$41.8K -2,913 -33%
JP Morgan Chase
73
JP Morgan Chase
New York
$101K
LSA
74
Lansing Street Advisors
Pennsylvania
$91.9K +$1.35K +94 +2%
William Blair & Company
75
William Blair & Company
Illinois
$82.8K +$7.44K +518 +12%

BITO Hedge Fund Activity: Q1 2023 in Review

151 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2023, worth a combined $388M — up 80% from $216M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new BITO positions and 33 closed out — a net gain of 1 holder — while 41 added to existing stakes and 30 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $37.1M. The largest seller was Faithward Advisors, cutting an estimated $7.37M.

  • 151 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2023, down from 157 in Q4 2022.
  • Funds reported $388M of ProShares Bitcoin Strategy ETF stock for Q1 2023, up 80% quarter-over-quarter.
  • 34 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2023 and 33 closed out, a net change of +1 holder.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2023 was Susquehanna International Group, an estimated $37.1M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2023 was Faithward Advisors, an estimated $7.37M sold.

Based on aggregated 13F filings for Q1 2023.