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ProShares Bitcoin Strategy ETF
BITO

153 hedge funds and large institutions have $248M invested in ProShares Bitcoin Strategy ETF in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $91.2M | Put options by funds: $58.6M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

26% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 39

5% less funds holding

Funds holding: 161 → 153 (-8)

18.88% less ownership

Funds ownership: 46.35% → 27.47% (-19%)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

49% less capital invested

Capital invested by funds: $483M → $248M (-$234M)

Holders
153
Holders Change
-8
Holders Change %
-4.97%
% of All Funds
2.43%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
20
Increased
49
Reduced
39
Closed
25
Calls
$91.2M
Puts
$58.6M
Net Calls
+$32.6M
Net Calls Change
+$53.4M

Top Buyers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
+$3.06M
2
TRCT
Tower Research Capital (TRC)
New York
+$2.34M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.14M
4
WAM
Weiss Asset Management
Massachusetts
+$2.08M
5
IMC Chicago
IMC Chicago
Illinois
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$72.2M
2
Jane Street
Jane Street
New York
-$51.8M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$39.2M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.09M
5
SOS
Silver Oak Securities
Tennessee
-$2.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
VF
101
VitalStone Financial
Texas
$10K +$5.49K +375 +284%
BHWM
102
Bay Harbor Wealth Management
Maryland
$8.2K – – –
WPA
103
West Paces Advisors
Georgia
$8.15K – – –
BTI
104
Blue Trust Inc
Georgia
$8K – – –
CLOS
105
Compagnie Lombard Odier SCmA
Switzerland
$7.98K – – –
FFA
106
Farther Finance Advisors
California
$7.93K +$8.41K +574 New
GRP
107
Global Retirement Partners
California
$7.44K +$88 +6 +1%
UIA
108
Ulland Investment Advisors
Minnesota
$7K – – –
JMF
109
Johnson Midwest Financial
Iowa
$6.91K – – –
PA
110
Parallel Advisors
California
$6.51K +$6.9K +471 New
BC
111
Bartlett & Co
Ohio
$6K – – –
BCWM
112
Bartlett & Co Wealth Management
Ohio
$5.57K – – –
WWP
113
WR Wealth Planners
Missouri
$5.3K – – –
Royal Bank of Canada
114
Royal Bank of Canada
Ontario, Canada
$5K -$1.32K -90 -18%
HNB
115
Huntington National Bank
Ohio
$4.97K – – –
HFS
116
Hantz Financial Services
Michigan
$4K – – –
TWM
117
Tradition Wealth Management
Minnesota
$4K – – –
WWM
118
Wolff Wiese Magana
California
$3.9K +$15 +1 +0.4%
HCM
119
Hollencrest Capital Management
California
$3.45K -$410 -28 -10%
CPG
120
Cornerstone Planning Group
New Jersey
$3.45K – – –
MSFP
121
Mark Sheptoff Financial Planning
Connecticut
$3.45K – – –
CSPIA
122
Cary Street Partners Investment Advisory
Virginia
$3.45K +$3.66K +250 New
NSG
123
Nalls Sherbakoff Group
Tennessee
$3.36K – – –
BCV
124
Banque Cantonale Vaudoise
Switzerland
$3K – – –
SWM
125
Spire Wealth Management
Virginia
$2.6K -$586 -40 -18%
3 4
5
6 7

BITO Hedge Fund Activity: Q3 2023 in Review

153 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2023, worth a combined $248M — down 49% from $483M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of BITO and 20 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 49 added.

The largest buyer was Acorns Advisers, adding an estimated $3.06M. The largest seller was Goldman Sachs, cutting an estimated $72.2M.

  • 153 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2023, down from 161 in Q2 2023.
  • Funds reported $248M of ProShares Bitcoin Strategy ETF stock for Q3 2023, down 49% quarter-over-quarter.
  • 20 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2023 and 25 closed out, a net change of -5 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2023 was Acorns Advisers, an estimated $3.06M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2023 was Goldman Sachs, an estimated $72.2M sold.

Based on aggregated 13F filings for Q3 2023.