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ProShares Bitcoin Strategy ETF

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: 175190 (+15)

8% more capital invested

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

0% more funds holding in top 10

Funds holding in top 10: 55 (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
Name Holding Trade Value Shares
Change
Change in
Stake
KFS
101
Kaizen Financial Strategies
California
$200K +$192K +9,310 New
TRCT
102
Tower Research Capital (TRC)
New York
$183K +$176K +8,520 New
AAP
103
Arax Advisory Partners
Colorado
$177K +$15.1K +734 +10%
HT
104
Headlands Technologies
Illinois
$164K +$86.4K +4,190 +123%
SWM
105
Spire Wealth Management
Virginia
$161K +$144K +6,994 +1,451%
KPP
106
Kings Path Partners
Texas
$151K -$61.9K -3,000 -30%
Carson Wealth (CWM LLC)
107
Carson Wealth (CWM LLC)
Nebraska
$149K +$27.2K +1,321 +24%
AF
108
Allworth Financial
California
$104K +$19.6K +951 +24%
Qube Research & Technologies (QRT)
109
Qube Research & Technologies (QRT)
United Kingdom
$103K +$67.8K +3,286 +219%
MIFH
110
Migdal Insurance & Financial Holdings
Israel
$92K +$32.6K +1,580 +59%
OWP
111
ORG Wealth Partners
Texas
$72.5K
Raymond James Financial
112
Raymond James Financial
Florida
$66.8K +$64.1K +3,107 New
Northwestern Mutual Wealth Management
113
Northwestern Mutual Wealth Management
Wisconsin
$66.7K +$51.7K +2,507 +423%
Osaic Holdings
114
Osaic Holdings
Arizona
$66.1K -$21.4K -1,037 -25%
SWP
115
Strategic Wealth Partners
Ohio
$58.7K +$56.3K +2,730 New
LFA
116
LGT Financial Advisors
Texas
$44.6K +$3.82K +185 +10%
HFS
117
Hantz Financial Services
Michigan
$44K +$3.49K +169 +9%
CAL
118
Capital Analysts LLC
Pennsylvania
$41K
CMA
119
Cedar Mountain Advisors
Oregon
$38.7K +$11.3K +548 +44%
DI
120
DAGCO Inc
Ohio
$36.9K +$2.19K +106 +7%
CWM
121
Copia Wealth Management
Oregon
$34.9K
BF
122
BOK Financial
Oklahoma
$33K
BHWM
123
Bay Harbor Wealth Management
Maryland
$32.2K
Parallax Volatility Advisers
124
Parallax Volatility Advisers
California
$31.3K +$30K +1,453 +145,300%
VCM
125
Versant Capital Management
Arizona
$30.2K +$29K +1,404 New

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.