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ProShares Bitcoin Strategy ETF
BITO

160 hedge funds and large institutions have $234M invested in ProShares Bitcoin Strategy ETF in 2022 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 29 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 29

3% less capital invested

Capital invested by funds: $241M → $234M (-$7.53M)

1.35% less ownership

Funds ownership: 39.22% → 37.87% (-1.3%)

9% less funds holding

Funds holding: 175 → 160 (-15)

31% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 36

39% less call options, than puts

Call options by funds: $47.3M | Put options by funds: $77.7M

Holders
160
Holders Change
-15
Holders Change %
-8.57%
% of All Funds
2.76%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
25
Increased
40
Reduced
29
Closed
36
Calls
$47.3M
Puts
$77.7M
Net Calls
-$30.5M
Net Calls Change
+$41M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$22.8M
2
PA
Paragon Advisors
Texas
+$8.43M
3
AA
Acorns Advisers
California
+$5.76M
4
FTUS
Flow Traders U.S.
New York
+$3.11M
5
PCM
Prelude Capital Management
New York
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$15.3M
2
Barclays
Barclays
United Kingdom
-$8.36M
3
BFG
Bouchey Financial Group
New York
-$6.35M
4
Simplex Trading
Simplex Trading
Illinois
-$5.75M
5
NCL
Nishkama Capital LLC
Puerto Rico
-$4.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
MPWT
76
MassMutual Private Wealth & Trust
Connecticut
$93K – – –
ODG
77
O'Dell Group
Ohio
$93K – – –
JG
78
Jefferies Group
New York
$83.9K -$1.12M -85,500 -92%
Bank Julius Baer & Co
79
Bank Julius Baer & Co
Switzerland
$72K +$79.1K +6,033 New
SOS
80
Silver Oak Securities
Tennessee
$71K +$67.5K +5,143 New
LSA
81
Lansing Street Advisors
Pennsylvania
$62K – – –
William Blair & Company
82
William Blair & Company
Illinois
$62K – – –
CAL
83
Capital Advisors Ltd
Ohio
$36K – – –
LFG
84
Larson Financial Group
Missouri
$35K – – –
PNC Financial Services Group
85
PNC Financial Services Group
Pennsylvania
$28K – – –
MCC
86
Money Concepts Capital
Florida
$25K +$27.7K +2,114 New
GI
87
Gradient Investments
Minnesota
$23K – – –
MFT
88
Moisand Fitzgerald Tamayo
Florida
$23K – – –
MIM
89
Macroview Investment Management
Maryland
$23K +$4.91K +374 +25%
SWM
90
Spire Wealth Management
Virginia
$22K -$19K -1,451 -45%
GWANC
91
Guardian Wealth Advisors (North Carolina)
North Carolina
$21K – – –
HSA
92
HBK Sorce Advisory
Pennsylvania
$21K +$262K +20,000 New
LWP
93
Laurel Wealth Planning
Minnesota
$18K – – –
CMA
94
Cedar Mountain Advisors
Oregon
$17K – – –
Rockefeller Capital Management
95
Rockefeller Capital Management
New York
$17K – – –
NFSG
96
Newbridge Financial Services Group
Florida
$14K +$2.3K +175 +18%
MCM
97
Manchester Capital Management
Vermont
$13K – – –
US Bancorp
98
US Bancorp
Minnesota
$13K – – –
CLOS
99
Compagnie Lombard Odier SCmA
Switzerland
$13K +$14.1K +1,078 New
Fifth Third Bancorp
100
Fifth Third Bancorp
Ohio
$12K +$13.1K +1,000 New
2 3
4
5 6

BITO Hedge Fund Activity: Q3 2022 in Review

160 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2022, worth a combined $234M — down 3.1% from $241M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of BITO and 25 opened new positions — a net loss of 11 holders — while 29 trimmed existing stakes and 40 added.

The largest buyer was Goldman Sachs, adding an estimated $22.8M. The largest seller was Citadel Advisors, cutting an estimated $15.3M.

  • 160 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2022, down from 175 in Q2 2022.
  • Funds reported $234M of ProShares Bitcoin Strategy ETF stock for Q3 2022, down 3.1% quarter-over-quarter.
  • 25 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2022 and 36 closed out, a net change of -11 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2022 was Goldman Sachs, an estimated $22.8M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2022 was Citadel Advisors, an estimated $15.3M sold.

Based on aggregated 13F filings for Q3 2022.