ProShares Bitcoin Strategy ETF
BITO
176 hedge funds and large institutions have $453M invested in ProShares Bitcoin Strategy ETF in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 64 increasing their positions, 46 reducing their positions, and 36 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 46
21% more call options, than puts
Call options by funds: $369M | Put options by funds: $305M
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
5% less funds holding
Funds holding: 185 → 176 (-9)
17.95% less ownership
Funds ownership: 42.21% → 24.26% (-18%)
22% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 36
41% less capital invested
Capital invested by funds: $767M → $453M (-$314M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Acorns Advisers
Irvine,
California
|
+$13.6M |
| 2 |
Belvedere Trading
Chicago,
Illinois
|
+$7.64M |
| 3 |
PCM
Prelude Capital Management
New York
|
+$5.79M |
| 4 |
JFG
Jefferies Financial Group
New York
|
+$4.98M |
| 5 |
HF
HRT Financial
New York
|
+$2.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$146M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$41.4M |
| 3 |
RCMF
RK Capital Management (Florida)
Weston,
Florida
|
-$21.5M |
| 4 |
SC
Sylebra Capital
Palo Alto,
California
|
-$17.4M |
| 5 |
UCMOK
United Capital Management of KS
Salina,
Kansas
|
-$8.13M |
BITO Hedge Fund Activity: Q3 2024 in Review
176 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2024, worth a combined $453M — down 41% from $767M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of BITO and 28 opened new positions — a net loss of 8 holders — while 46 trimmed existing stakes and 64 added.
The largest buyer was Acorns Advisers, adding an estimated $13.6M. The largest seller was Jane Street, cutting an estimated $146M.
- 176 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2024, down from 185 in Q2 2024.
- Funds reported $453M of ProShares Bitcoin Strategy ETF stock for Q3 2024, down 41% quarter-over-quarter.
- 28 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2024 and 36 closed out, a net change of -8 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q3 2024 was Acorns Advisers, an estimated $13.6M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q3 2024 was Jane Street, an estimated $146M sold.
Based on aggregated 13F filings for Q3 2024.