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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
WPA
101
West Paces Advisors
Georgia
$6.15K – – –
SWM
102
Spire Wealth Management
Virginia
$6K -$13.2K -1,183 -66%
BTI
103
Blue Trust Inc
Georgia
$6K – – –
BHWM
104
Bay Harbor Wealth Management
Maryland
$6K +$6.63K +594 New
AAP
105
Arax Advisory Partners
Colorado
$5.51K – – –
JMF
106
Johnson Midwest Financial
Iowa
$5K – – –
UIA
107
Ulland Investment Advisors
Minnesota
$5K – – –
CA
108
Corrado Advisors
New Jersey
$4.7K +$5.04K +451 New
HWA
109
Heritage Wealth Advisors
Virginia
$4.28K – – –
WWP
110
WR Wealth Planners
Missouri
$4.24K -$636 -57 -12%
GRP
111
Global Retirement Partners
California
$4.17K – – –
SSC
112
Syverson Strege & Co
Iowa
$4.06K -$1.56K -140 -26%
Carson Wealth (CWM LLC)
113
Carson Wealth (CWM LLC)
Nebraska
$4K – – –
AWM
114
Accurate Wealth Management
Florida
$3.98K +$4.01K +359 New
CTA
115
Colonial Trust Advisors
South Carolina
$3.65K +$3.91K +350 New
FCA
116
Fortis Capital Advisors
Kansas
$3.47K +$3.72K +333 New
CPG
117
Cornerstone Planning Group
New Jersey
$3.35K +$2.79K +250 New
HI
118
Harbour Investments
Wisconsin
$3.17K – – –
BCWM
119
Bartlett & Co Wealth Management
Ohio
$3.02K – – –
BCV
120
Banque Cantonale Vaudoise
Switzerland
$3K – – –
BC
121
Bartlett & Co
Ohio
$3K – – –
TWM
122
Tradition Wealth Management
Minnesota
$3K – – –
Royal Bank of Canada
123
Royal Bank of Canada
Ontario, Canada
$3K +$2.79K +250 +556%
VF
124
VitalStone Financial
Texas
$3K +$3.39K +304 New
WWM
125
Wolff Wiese Magana
California
$2.92K – – –
3 4
5
6 7

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.