We are live on ! Find out more
BITO icon

ProShares Bitcoin Strategy ETF

153 hedge funds and large institutions have $248M invested in ProShares Bitcoin Strategy ETF in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $91.2M | Put options by funds: $58.6M

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

26% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 39

5% less funds holding

Funds holding: 161153 (-8)

18.88% less ownership

Funds ownership: 46.35%27.47% (-19%)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

49% less capital invested

Capital invested by funds: $483M → $248M (-$234M)

Holders
153
Holders Change
-8
Holders Change %
-4.97%
% of All Funds
2.43%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
20
Increased
49
Reduced
39
Closed
25
Calls
$91.2M
Puts
$58.6M
Net Calls
+$32.6M
Net Calls Change
+$53.4M
Name Holding Trade Value Shares
Change
Change in
Stake
KAS
51
Kestra Advisory Services
Texas
$280K +$37.9K +2,586 +15%
SC
52
Sepio Capital
Utah
$276K +$147K +10,000 +100%
AC
53
Avestar Capital
New York
$271K
NL
54
NKCFO LLC
Illinois
$249K -$425K -29,000 -62%
CG
55
Cutler Group
California
$248K -$24.4K -1,668 -8%
CI
56
CX Institutional
Indiana
$217K -$13.6K -928 -6%
ASN
57
Advisory Services Network
Georgia
$216K +$15.6K +1,067 +7%
Wolverine Trading
58
Wolverine Trading
Illinois
$216K -$245K -16,689 -52%
PPWM
59
Paragon Private Wealth Management
Kentucky
$212K +$225K +15,352 New
LA
60
LexAurum Advisors
Kansas
$207K
AFAS
61
Acorn Financial Advisory Services
Virginia
$203K +$454 +31 +0.2%
FCH
62
Freestone Capital Holdings
Washington
$196K -$76.7K -5,236 -27%
BSAM
63
Blue Square Asset Management
New York
$194K -$646K -44,112 -76%
SFG
64
SevenBridge Financial Group
Pennsylvania
$187K +$199K +13,556 New
Cetera Investment Advisers
65
Cetera Investment Advisers
Illinois
$187K -$257K -17,575 -57%
JWM
66
Jeppson Wealth Management
California
$183K
SMH
67
Sanders Morris Harris
Texas
$182K
Mariner
68
Mariner
Kansas
$174K +$6.59K +450 +4%
PHS
69
Pekin Hardy Strauss
Illinois
$168K -$41.8K -2,850 -19%
CAN
70
Cetera Advisor Networks
California
$167K -$109K -7,419 -38%
IP
71
Intellectus Partners
California
$152K +$161K +11,000 New
PCIA
72
Prime Capital Investment Advisors
Kansas
$148K +$157K +10,721 New
S
73
SignatureFD
Georgia
$147K +$9.41K +642 +6%
CCG
74
Capital CS Group
California
$146K +$155K +10,577 New
ULWM
75
Upper Left Wealth Management
Florida
$140K -$25.6K -1,745 -15%

BITO Hedge Fund Activity: Q3 2023 in Review

153 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2023, worth a combined $248M — down 49% from $483M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of BITO and 20 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 49 added.

The largest buyer was Acorns Advisers, adding an estimated $3.06M. The largest seller was Goldman Sachs, cutting an estimated $72.2M.

  • 153 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2023, down from 161 in Q2 2023.
  • Funds reported $248M of ProShares Bitcoin Strategy ETF stock for Q3 2023, down 49% quarter-over-quarter.
  • 20 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2023 and 25 closed out, a net change of -5 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2023 was Acorns Advisers, an estimated $3.06M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2023 was Goldman Sachs, an estimated $72.2M sold.

Based on aggregated 13F filings for Q3 2023.