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ProShares Bitcoin Strategy ETF
BITO

144 hedge funds and large institutions have $288M invested in ProShares Bitcoin Strategy ETF in 2022 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 35 increasing their positions, 14 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 14

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

50% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 40

28% more capital invested

Capital invested by funds: $225M → $288M (+$63.5M)

13% more funds holding

Funds holding: 127 → 144 (+17)

2.72% more ownership

Funds ownership: 19.34% → 22.06% (+2.7%)

46% less call options, than puts

Call options by funds: $132M | Put options by funds: $243M

Holders
144
Holders Change
+17
Holders Change %
+13.39%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
60
Increased
35
Reduced
14
Closed
40
Calls
$132M
Puts
$243M
Net Calls
-$112M
Net Calls Change
-$92.8M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$37.4M
2
KC
KCL Capital
New York
+$13M
3
BFG
Bouchey Financial Group
New York
+$12.9M
4
FTUS
Flow Traders U.S.
New York
+$9.66M
5
Barclays
Barclays
United Kingdom
+$4.28M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$18.9M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.3M
3
PWAM
Park West Asset Management
California
-$5.78M
4
HighTower Advisors
HighTower Advisors
Illinois
-$3.94M
5
Millennium Management
Millennium Management
New York
-$3.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWA
126
TCI Wealth Advisors
Arizona
$3K – – –
TFP
127
Tilia Fiduciary Partners
North Carolina
$3K – – –
FWM
128
Focused Wealth Management
New York
$2K – – –
SSB
129
Sandy Spring Bank
Maryland
$2K – – –
PO
130
Private Ocean
California
$2K +$861 +33 +66%
HIA
131
Harbor Investment Advisory
Maryland
$2K +$1.96K +75 New
HR
132
Howe & Rusling
New York
$1K – – –
LPWM
133
Lake Point Wealth Management
Texas
$1K – – –
PP
134
PrairieView Partners
Minnesota
$1K – – –
AW
135
Avion Wealth
Texas
$1K +$261 +10 +40%
AssetMark Inc
136
AssetMark Inc
California
$1K +$522 +20 New
CFD
137
Creative Financial Designs
Indiana
$1K +$652 +25 New
WAM
138
Worth Asset Management
Texas
$1K +$913 +35 New
PFA
139
Professional Financial Advisors
Nebraska
$1K +$1.25K +48 New
PWAM
140
Park West Asset Management
California
– -$5.78M -200,000 Closed
M
141
Murchinson
Ontario, Canada
– -$2.88M -99,700 Closed
RC
142
RBF Capital
California
– -$2.38M -82,346 Closed
CA
143
Cetera Advisors
Colorado
– -$2.08M -72,054 Closed
CCM
144
CTC Capital Management
Illinois
– -$2.03M -70,200 Closed
SM
145
Sabby Management
Florida
– -$1.91M -66,000 Closed
MTIM
146
Marathon Trading Investment Management
Pennsylvania
– -$1.43M -49,300 Closed
WSTAM
147
Wilbanks Smith & Thomas Asset Management
Virginia
– -$972K -33,634 Closed
PI
148
PEAK6 Investments
Illinois
– -$938K -32,459 Closed
PCP
149
Proficio Capital Partners
Massachusetts
– -$766K -26,500 Closed
Wolverine Trading
150
Wolverine Trading
Illinois
– -$765K -25,657 Closed
4 5
6
7 8

BITO Hedge Fund Activity: Q1 2022 in Review

144 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2022, worth a combined $288M — up 28% from $225M a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new BITO positions and 40 closed out — a net gain of 20 holders — while 35 added to existing stakes and 14 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $37.4M. The largest seller was Jane Street, cutting an estimated $18.9M.

  • 144 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2022, up from 127 in Q4 2021.
  • Funds reported $288M of ProShares Bitcoin Strategy ETF stock for Q1 2022, up 28% quarter-over-quarter.
  • 60 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2022 and 40 closed out, a net change of +20 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2022 was Citadel Advisors, an estimated $37.4M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2022 was Jane Street, an estimated $18.9M sold.

Based on aggregated 13F filings for Q1 2022.