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ProShares Bitcoin Strategy ETF
BITO

157 hedge funds and large institutions have $216M invested in ProShares Bitcoin Strategy ETF in 2022 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 25 increasing their positions, 36 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

3% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 40

0.59% more ownership

Funds ownership: 37.87% → 38.47% (+0.59%)

2% less funds holding

Funds holding: 160 → 157 (-3)

8% less capital invested

Capital invested by funds: $234M → $216M (-$18.1M)

31% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 36

44% less call options, than puts

Call options by funds: $48.7M | Put options by funds: $86.7M

Holders
157
Holders Change
-3
Holders Change %
-1.88%
% of All Funds
2.52%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
41
Increased
25
Reduced
36
Closed
40
Calls
$48.7M
Puts
$86.7M
Net Calls
-$37.9M
Net Calls Change
-$7.47M

Top Buyers

Rank Fund Capital Flow
1
FA
Faithward Advisors
Pennsylvania
+$15.8M
2
Goldman Sachs
Goldman Sachs
New York
+$5.99M
3
AA
Acorns Advisers
California
+$5.04M
4
BCM
Bluefin Capital Management
New York
+$3.17M
5
Barclays
Barclays
United Kingdom
+$3.04M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$5.43M
2
Jane Street
Jane Street
New York
-$4.93M
3
IC
IEQ Capital
California
-$2.73M
4
FTUS
Flow Traders U.S.
New York
-$2.56M
5
PCM
Prelude Capital Management
New York
-$1.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
126
Hollencrest Capital Management
California
$2.87K +$3.07K +275 New
SPWM
127
Spartan Planning & Wealth Management
North Carolina
$2.71K – – –
MSFP
128
Mark Sheptoff Financial Planning
Connecticut
$2.61K – – –
NA
129
NewEdge Advisors
Louisiana
$2.14K +$2.29K +205 New
HNB
130
Huntington National Bank
Ohio
$2.09K – – –
Wells Fargo
131
Wells Fargo
California
$2.09K +$1.95K +175 +700%
ME
132
McIlrath & Eck
Washington
$2.04K – – –
PNC Financial Services Group
133
PNC Financial Services Group
Pennsylvania
$1.88K -$24.1K -2,159 -92%
PFG
134
Piershale Financial Group
Illinois
$1.82K +$1.95K +175 New
BAAM
135
Baker Avenue Asset Management
California
$1.74K +$1.86K +167 New
PO
136
Private Ocean
California
$1.73K – – –
AWM
137
AllSquare Wealth Management
New York
$1.56K – – –
SBL
138
Sargent Bickham Lagudis
Colorado
$1.3K – – –
Northwestern Mutual Wealth Management
139
Northwestern Mutual Wealth Management
Wisconsin
$1.06K -$4.44K -398 -80%
TWA
140
TCI Wealth Advisors
Arizona
$1.04K – – –
DWA
141
Dougherty Wealth Advisers
Minnesota
$782 – – –
FWM
142
Focused Wealth Management
New York
$772 – – –
SSB
143
Sandy Spring Bank
Maryland
$761 – – –
FDCDDQ
144
Federation des caisses Desjardins du Quebec
Quebec, Canada
$626 – – –
SPIA
145
Steward Partners Investment Advisory
New York
$522 – – –
BHWM
146
Beaird Harris Wealth Management
Texas
$490 +$525 +47 New
WAM
147
Worth Asset Management
Texas
$365 – – –
National Bank of Canada
148
National Bank of Canada
Quebec, Canada
$344 -$1.74M -155,700 -100%
CAS
149
Coppell Advisory Solutions
Texas
$313 +$335 +30 New
CASC
150
Coppell Advisory Solutions Corp
Texas
$313 +$335 +30 New
4 5
6
7 8

BITO Hedge Fund Activity: Q4 2022 in Review

157 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2022, worth a combined $216M — down 7.7% from $234M a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new BITO positions and 40 closed out — a net gain of 1 holder — while 25 added to existing stakes and 36 trimmed.

The largest buyer was Faithward Advisors, opening a new position worth an estimated $15.8M. The largest seller was Citadel Advisors, exiting entirely with an estimated $5.43M sold.

  • 157 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2022, down from 160 in Q3 2022.
  • Funds reported $216M of ProShares Bitcoin Strategy ETF stock for Q4 2022, down 7.7% quarter-over-quarter.
  • 41 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2022 and 40 closed out, a net change of +1 holder.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q4 2022 was Faithward Advisors, an estimated $15.8M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q4 2022 was Citadel Advisors, an estimated $5.43M sold.

Based on aggregated 13F filings for Q4 2022.