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ProShares Bitcoin Strategy ETF
BITO

161 hedge funds and large institutions have $483M invested in ProShares Bitcoin Strategy ETF in 2023 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 21

24% more capital invested

Capital invested by funds: $388M → $483M (+$94.5M)

24% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 38

7% more funds holding

Funds holding: 151 → 161 (+10)

5.11% more ownership

Funds ownership: 41.24% → 46.35% (+5.1%)

19% less call options, than puts

Call options by funds: $90.6M | Put options by funds: $111M

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
161
Holders Change
+10
Holders Change %
+6.62%
% of All Funds
2.53%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
32
Increased
47
Reduced
38
Closed
21
Calls
$90.6M
Puts
$111M
Net Calls
-$20.8M
Net Calls Change
-$4.95M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$111M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$18.3M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
+$4.86M
4
SOS
Silver Oak Securities
Tennessee
+$1.89M
5
PCM
Prelude Capital Management
New York
+$1.62M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$29.5M
2
Simplex Trading
Simplex Trading
Illinois
-$4.44M
3
FC
Franchise Capital
Cayman Islands
-$4.38M
4
SCA
Sassicaia Capital Advisers
New York
-$4.02M
5
CTC (Chicago Trading Company)
CTC (Chicago Trading Company)
Illinois
-$3.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
126
Harbour Investments
Wisconsin
$4.58K -$551 -34 -11%
2L
127
25 LLC
Missouri
$4.38K -$3.14K -194 -43%
MSFP
128
Mark Sheptoff Financial Planning
Connecticut
$4.25K – – –
CPG
129
Cornerstone Planning Group
New Jersey
$4.25K +$4.05K +250 New
BCV
130
Banque Cantonale Vaudoise
Switzerland
$4K – – –
SWM
131
Spire Wealth Management
Virginia
$3.87K -$6.48K -400 -64%
NSG
132
Nalls Sherbakoff Group
Tennessee
$3.77K – – –
SS
133
Sunbelt Securities
Texas
$3.31K – – –
PNC Financial Services Group
134
PNC Financial Services Group
Pennsylvania
$3.06K – – –
VF
135
VitalStone Financial
Texas
$3K +$1.22K +75 +132%
BFEC
136
Benjamin F. Edwards & Company
Missouri
$3K +$2.43K +150 New
NFSG
137
Newbridge Financial Services Group
Florida
$2.97K -$16.2K -1,000 -85%
PFG
138
Piershale Financial Group
Illinois
$2.97K – – –
AWM
139
AllSquare Wealth Management
New York
$2.42K – – –
ME
140
McIlrath & Eck
Washington
$2.27K – – –
ODG
141
O'Dell Group
Ohio
$2.21K +$2.11K +130 New
Carson Wealth (CWM LLC)
142
Carson Wealth (CWM LLC)
Nebraska
$2K -$4.7K -290 -76%
FWM
143
Focused Wealth Management
New York
$1.39K +$113 +7 +9%
WP
144
WealthPLAN Partners
Nebraska
$1.38K – – –
DWA
145
Dougherty Wealth Advisers
Minnesota
$1.27K – – –
SSB
146
Sandy Spring Bank
Maryland
$1.24K – – –
BHWM
147
Beaird Harris Wealth Management
Texas
$799 – – –
HI
148
Horizon Investments
North Carolina
$684 +$81 +5 +13%
Northwestern Mutual Wealth Management
149
Northwestern Mutual Wealth Management
Wisconsin
$645 -$18.4K -1,135 -97%
WAM
150
Worth Asset Management
Texas
$594 – – –
4 5
6
7 8

BITO Hedge Fund Activity: Q2 2023 in Review

161 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2023, worth a combined $483M — up 24% from $388M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BITO positions and 21 closed out — a net gain of 11 holders — while 47 added to existing stakes and 38 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $111M. The largest seller was Goldman Sachs, cutting an estimated $29.5M.

  • 161 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2023, up from 151 in Q1 2023.
  • Funds reported $483M of ProShares Bitcoin Strategy ETF stock for Q2 2023, up 24% quarter-over-quarter.
  • 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2023 and 21 closed out, a net change of +11 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2023 was Jane Street, an estimated $111M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2023 was Goldman Sachs, an estimated $29.5M sold.

Based on aggregated 13F filings for Q2 2023.