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ProShares Bitcoin Strategy ETF
BITO

190 hedge funds and large institutions have $369M invested in ProShares Bitcoin Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 76 increasing their positions, 41 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 41

65% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 26

9% more funds holding

Funds holding: 175 → 190 (+15)

8% more capital invested

Capital invested by funds: $341M → $369M (+$27M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

1.11% less ownership

Funds ownership: 15.78% → 14.67% (-1.1%)

55% less call options, than puts

Call options by funds: $80.1M | Put options by funds: $178M

Holders
190
Holders Change
+15
Holders Change %
+8.57%
% of All Funds
2.5%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
43
Increased
76
Reduced
41
Closed
26
Calls
$80.1M
Puts
$178M
Net Calls
-$97.7M
Net Calls Change
-$53.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$36M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$19.2M
3
Citadel Advisors
Citadel Advisors
Florida
+$14.6M
4
RCMF
RK Capital Management (Florida)
Florida
+$9.95M
5
FCG
Fielder Capital Group
Tennessee
+$9.16M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$136M
2
PCP
Proficio Capital Partners
Massachusetts
-$4.43M
3
Group One Trading
Group One Trading
Illinois
-$4.01M
4
SNT
SIG North Trading
Pennsylvania
-$2.67M
5
Simplex Trading
Simplex Trading
Illinois
-$2.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
ME
76
McIlrath & Eck
Washington
$300K +$61.9K +3,002 +27%
Belvedere Trading
77
Belvedere Trading
Illinois
$292K +$280K +13,594 New
UCMOK
78
United Capital Management of KS
Kansas
$292K -$38.2K -1,850 -12%
PCP
79
Proficio Capital Partners
Massachusetts
$274K -$4.43M -214,855 -94%
PWA
80
Prairie Wealth Advisors
Nebraska
$273K +$262K +12,694 New
TWM
81
TCFG Wealth Management
California
$272K -$530K -25,712 -67%
HI
82
Hoey Investments
Pennsylvania
$272K -$72.2K -3,500 -22%
OC
83
Oppenheimer & Co
New York
$263K -$82.6K -4,003 -25%
FFS
84
Founders Financial Securities
Maryland
$250K +$18.9K +914 +9%
MWM
85
MGB Wealth Management
Texas
$237K +$227K +11,000 New
Pathstone Holdings
86
Pathstone Holdings
New Jersey
$234K -$132K -6,384 -29%
CW
87
CreativeOne Wealth
Kansas
$233K +$224K +10,851 New
EP
88
Edgestream Partners
New Jersey
$233K +$223K +10,814 New
GWM
89
Geneos Wealth Management
Colorado
$223K -$68.8K -3,338 -24%
William Blair & Company
90
William Blair & Company
Illinois
$218K +$17.2K +832 +9%
CBA
91
Coastal Bridge Advisors
Connecticut
$214K +$205K +9,961 New
JIP
92
Jaffetilchin Investment Partners
Florida
$214K +$205K +9,931 New
Cetera Investment Advisers
93
Cetera Investment Advisers
Illinois
$214K +$205K +9,931 New
QCM
94
Quantinno Capital Management
New York
$211K +$202K +9,800 New
Lido Advisors
95
Lido Advisors
California
$211K +$202K +9,799 New
SOS
96
Silver Oak Securities
Tennessee
$210K +$202K +9,786 New
AC
97
Avestar Capital
New York
$204K +$196K +9,500 New
SDJVC
98
St. Denis J. Villere & Co
Louisiana
$204K +$195K +9,468 New
MFA
99
Millington Financial Advisors
Illinois
$202K +$183K +8,874 New
DWP
100
Daymark Wealth Partners
Ohio
$201K +$193K +9,362 New
2 3
4
5 6

BITO Hedge Fund Activity: Q2 2025 in Review

190 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2025, worth a combined $369M — up 7.9% from $341M a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new BITO positions and 26 closed out — a net gain of 17 holders — while 76 added to existing stakes and 41 trimmed.

The largest buyer was Jane Street, adding an estimated $36M. The largest seller was Goldman Sachs, cutting an estimated $136M.

  • 190 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2025, up from 175 in Q1 2025.
  • Funds reported $369M of ProShares Bitcoin Strategy ETF stock for Q2 2025, up 7.9% quarter-over-quarter.
  • 43 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2025 and 26 closed out, a net change of +17 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2025 was Jane Street, an estimated $36M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2025 was Goldman Sachs, an estimated $136M sold.

Based on aggregated 13F filings for Q2 2025.