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ProShares Bitcoin Strategy ETF
BITO

197 hedge funds and large institutions have $484M invested in ProShares Bitcoin Strategy ETF in 2024 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 63 increasing their positions, 42 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 37

50% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 42

14% more call options, than puts

Call options by funds: $346M | Put options by funds: $303M

12% more funds holding

Funds holding: 176 → 197 (+21)

7% more capital invested

Capital invested by funds: $453M → $484M (+$31.5M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2.99% less ownership

Funds ownership: 24.26% → 21.27% (-3%)

Holders
197
Holders Change
+21
Holders Change %
+11.93%
% of All Funds
2.59%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
60
Increased
63
Reduced
42
Closed
37
Calls
$346M
Puts
$303M
Net Calls
+$42.2M
Net Calls Change
-$22.1M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$70.6M
2
Citadel Advisors
Citadel Advisors
Florida
+$12.2M
3
SSG
Summit Securities Group
New York
+$6.57M
4
SNT
SIG North Trading
Pennsylvania
+$6.21M
5
TI
Tidal Investments
Wisconsin
+$4.55M

Top Sellers

Rank Fund Capital Flow
1
RCMF
RK Capital Management (Florida)
Florida
-$58.8M
2
Jane Street
Jane Street
New York
-$39.4M
3
WA
Whitebox Advisors
Minnesota
-$13.4M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$8.02M
5
PCM
Prelude Capital Management
New York
-$5.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
TF
76
Trek Financial
Arizona
$303K +$49.6K +2,234 +20%
GPWM
77
Grant Private Wealth Management
California
$302K +$282K +12,716 New
HI
78
Hoey Investments
Pennsylvania
$299K +$291K +13,124 New
JWM
79
Jeppson Wealth Management
California
$297K -$2.86K -129 -1%
IWA
80
Integrity Wealth Advisors
California
$296K +$289K +13,000 New
SMH
81
Sanders Morris Harris
Texas
$290K – – –
FIA
82
FNY Investment Advisers
New York
$281K -$1.83M -82,371 -87%
AWA
83
Arete Wealth Advisors
Illinois
$275K +$268K +12,054 New
OC
84
Oppenheimer & Co
New York
$265K -$38.5K -1,734 -13%
PA
85
Paragon Advisors
Texas
$264K -$125K -5,612 -33%
Pathstone Holdings
86
Pathstone Holdings
New Jersey
$259K +$6.04K +272 +2%
PPWM
87
Paragon Private Wealth Management
Kentucky
$254K +$248K +11,170 New
WS
88
Wedbush Securities
California
$245K +$239K +10,774 New
AFG
89
Altiora Financial Group
Ohio
$238K – – –
SA
90
Sanctuary Advisors
Indiana
$236K -$18.7K -841 -8%
CIA
91
Concurrent Investment Advisors
Florida
$229K +$224K +10,071 New
Envestnet Asset Management
92
Envestnet Asset Management
Illinois
$224K -$1.65M -74,481 -88%
QCM
93
Quantinno Capital Management
New York
$223K +$218K +9,800 New
CW
94
CreativeOne Wealth
Kansas
$220K +$214K +9,657 New
MFA
95
Millington Financial Advisors
Illinois
$219K +$207K +9,305 New
LPL Financial
96
LPL Financial
California
$206K +$200K +9,032 New
AC
97
Avestar Capital
New York
$205K +$200K +9,000 New
EP
98
Edgestream Partners
New Jersey
$201K +$196K +8,820 New
William Blair & Company
99
William Blair & Company
Illinois
$199K +$111K +4,987 +133%
ACA
100
Aptus Capital Advisors
Alabama
$132K +$129K +5,798 New
2 3
4
5 6

BITO Hedge Fund Activity: Q4 2024 in Review

197 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2024, worth a combined $484M — up 6.9% from $453M a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new BITO positions and 37 closed out — a net gain of 23 holders — while 63 added to existing stakes and 42 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $70.6M. The largest seller was RK Capital Management (Florida), exiting entirely with an estimated $58.8M sold.

  • 197 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2024, up from 176 in Q3 2024.
  • Funds reported $484M of ProShares Bitcoin Strategy ETF stock for Q4 2024, up 6.9% quarter-over-quarter.
  • 60 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2024 and 37 closed out, a net change of +23 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q4 2024 was Goldman Sachs, an estimated $70.6M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q4 2024 was RK Capital Management (Florida), an estimated $58.8M sold.

Based on aggregated 13F filings for Q4 2024.