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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
William Blair & Company
76
William Blair & Company
Illinois
$43.9K -$11.1K -993 -19%
HSA
77
HBK Sorce Advisory
Pennsylvania
$41K +$223K +20,000 +100%
CAL
78
Capital Advisors Ltd
Ohio
$31K – – –
LFG
79
Larson Financial Group
Missouri
$30.8K – – –
RFA
80
Resurgent Financial Advisors
Georgia
$21.3K +$22.8K +2,040 New
GI
81
Gradient Investments
Minnesota
$20.3K – – –
MFT
82
Moisand Fitzgerald Tamayo
Florida
$20.1K – – –
MIM
83
Macroview Investment Management
Maryland
$18.6K -$1.16K -104 -6%
GWANC
84
Guardian Wealth Advisors (North Carolina)
North Carolina
$18.5K – – –
BAM
85
Belpointe Asset Management
Nevada
$16.3K +$17.5K +1,567 New
LWP
86
Laurel Wealth Planning
Minnesota
$15.6K – – –
CMA
87
Cedar Mountain Advisors
Oregon
$15.2K – – –
Rockefeller Capital Management
88
Rockefeller Capital Management
New York
$15K – – –
MCC
89
Money Concepts Capital
Florida
$12.7K -$10K -897 -42%
EWA
90
EverSource Wealth Advisors
Alabama
$12.7K +$4.41K +395 +48%
NFSG
91
Newbridge Financial Services Group
Florida
$12.3K – – –
Bank of Montreal
92
Bank of Montreal
Ontario, Canada
$11.9K – – –
MCM
93
Manchester Capital Management
Vermont
$11.2K – – –
CLOS
94
Compagnie Lombard Odier SCmA
Switzerland
$11K – – –
US Bancorp
95
US Bancorp
Minnesota
$10.9K – – –
PMFA
96
Plante Moran Financial Advisors
Michigan
$10.5K +$11.2K +1,005 New
Fifth Third Bancorp
97
Fifth Third Bancorp
Ohio
$10.4K – – –
MCI
98
MRP Capital Investments
Georgia
$9.39K +$10K +900 New
RBC
99
Romano Brothers & Co
Illinois
$7.56K +$8.09K +725 New
AF
100
Allworth Financial
California
$7.41K – – –
2 3
4
5 6

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.