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ProShares Bitcoin Strategy ETF
BITO

160 hedge funds and large institutions have $234M invested in ProShares Bitcoin Strategy ETF in 2022 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 29 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 29

3% less capital invested

Capital invested by funds: $241M → $234M (-$7.53M)

1.35% less ownership

Funds ownership: 39.22% → 37.87% (-1.3%)

9% less funds holding

Funds holding: 175 → 160 (-15)

31% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 36

39% less call options, than puts

Call options by funds: $47.3M | Put options by funds: $77.7M

Holders
160
Holders Change
-15
Holders Change %
-8.57%
% of All Funds
2.76%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
25
Increased
40
Reduced
29
Closed
36
Calls
$47.3M
Puts
$77.7M
Net Calls
-$30.5M
Net Calls Change
+$41M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$22.8M
2
PA
Paragon Advisors
Texas
+$8.43M
3
AA
Acorns Advisers
California
+$5.76M
4
FTUS
Flow Traders U.S.
New York
+$3.11M
5
PCM
Prelude Capital Management
New York
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$15.3M
2
Barclays
Barclays
United Kingdom
-$8.36M
3
BFG
Bouchey Financial Group
New York
-$6.35M
4
Simplex Trading
Simplex Trading
Illinois
-$5.75M
5
NCL
Nishkama Capital LLC
Puerto Rico
-$4.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWC
126
TD Waterhouse Canada
Ontario, Canada
$2.41K -$19.5K -1,490 -88%
AWM
127
AllSquare Wealth Management
New York
$2K – – –
HNB
128
Huntington National Bank
Ohio
$2K – – –
ME
129
McIlrath & Eck
Washington
$2K – – –
SPIA
130
Steward Partners Investment Advisory
New York
$1K -$656 -50 -50%
CA
131
Clearstead Advisors
Ohio
$1K – – –
DWA
132
Dougherty Wealth Advisers
Minnesota
$1K – – –
FWM
133
Focused Wealth Management
New York
$1K – – –
HIA
134
Harbor Investment Advisory
Maryland
$1K – – –
PP
135
PrairieView Partners
Minnesota
$1K – – –
PFA
136
Professional Financial Advisors
Nebraska
$1K – – –
Royal Bank of Canada
137
Royal Bank of Canada
Ontario, Canada
$1K – – –
SSB
138
Sandy Spring Bank
Maryland
$1K – – –
SBL
139
Sargent Bickham Lagudis
Colorado
$1K – – –
TWA
140
TCI Wealth Advisors
Arizona
$1K – – –
CFGS
141
Concourse Financial Group Securities
Alabama
$1K +$656 +50 New
JFA
142
JNBA Financial Advisors
Minnesota
$1K +$656 +50 New
AIP
143
Almanack Investment Partners
Pennsylvania
$1K +$1.57K +120 New
PO
144
Private Ocean
California
$1K +$2.18K +166 New
APA
145
American Portfolios Advisors
New York
$779 – – –
FDCDDQ
146
Federation des caisses Desjardins du Quebec
Quebec, Canada
$719 – – –
LFA
147
Legend Financial Advisors
Pennsylvania
$228 +$249 +19 New
Bank of Montreal
148
Bank of Montreal
Ontario, Canada
$14 – – –
JMF
149
Johnson Midwest Financial
Iowa
$6 – – –
Simplex Trading
150
Simplex Trading
Illinois
– -$5.75M -438,135 -100%
4 5
6
7 8

BITO Hedge Fund Activity: Q3 2022 in Review

160 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2022, worth a combined $234M — down 3.1% from $241M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of BITO and 25 opened new positions — a net loss of 11 holders — while 29 trimmed existing stakes and 40 added.

The largest buyer was Goldman Sachs, adding an estimated $22.8M. The largest seller was Citadel Advisors, cutting an estimated $15.3M.

  • 160 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2022, down from 175 in Q2 2022.
  • Funds reported $234M of ProShares Bitcoin Strategy ETF stock for Q3 2022, down 3.1% quarter-over-quarter.
  • 25 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2022 and 36 closed out, a net change of -11 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2022 was Goldman Sachs, an estimated $22.8M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2022 was Citadel Advisors, an estimated $15.3M sold.

Based on aggregated 13F filings for Q3 2022.