ProShares Bitcoin Strategy ETF
BITO
189 hedge funds and large institutions have $771M invested in ProShares Bitcoin Strategy ETF in 2023 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 52 increasing their positions, 36 reducing their positions, and 23 closing their positions.
210% more capital invested
Capital invested by funds: $248M → $771M (+$522M)
165% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 23
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
44% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 36
24% more funds holding
Funds holding: 153 → 189 (+36)
20.81% more ownership
Funds ownership: 27.47% → 48.28% (+21%)
7% more call options, than puts
Call options by funds: $135M | Put options by funds: $126M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$101M |
| 2 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$82.3M |
| 3 |
Jane Street
New York
|
+$67.7M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$63.7M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$9.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Acorns Advisers
Irvine,
California
|
-$2.22M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.2M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.96M |
| 4 |
PWM
Pinnacle Wealth Management
Roseville,
California
|
-$1.84M |
| 5 |
IPW
Impact Partnership Wealth
Marietta,
Georgia
|
-$1.82M |
BITO Hedge Fund Activity: Q4 2023 in Review
189 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2023, worth a combined $771M — up 210% from $248M a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new BITO positions and 23 closed out — a net gain of 38 holders — while 52 added to existing stakes and 36 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $101M. The largest seller was Acorns Advisers, cutting an estimated $2.22M.
- 189 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2023, up from 153 in Q3 2023.
- Funds reported $771M of ProShares Bitcoin Strategy ETF stock for Q4 2023, up 210% quarter-over-quarter.
- 61 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2023 and 23 closed out, a net change of +38 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q4 2023 was Goldman Sachs, an estimated $101M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q4 2023 was Acorns Advisers, an estimated $2.22M sold.
Based on aggregated 13F filings for Q4 2023.