We are live on ! Find out more
BITO icon

ProShares Bitcoin Strategy ETF
BITO

153 hedge funds and large institutions have $248M invested in ProShares Bitcoin Strategy ETF in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $91.2M | Put options by funds: $58.6M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

26% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 39

5% less funds holding

Funds holding: 161 → 153 (-8)

18.88% less ownership

Funds ownership: 46.35% → 27.47% (-19%)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

49% less capital invested

Capital invested by funds: $483M → $248M (-$234M)

Holders
153
Holders Change
-8
Holders Change %
-4.97%
% of All Funds
2.43%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
20
Increased
49
Reduced
39
Closed
25
Calls
$91.2M
Puts
$58.6M
Net Calls
+$32.6M
Net Calls Change
+$53.4M

Top Buyers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
+$3.06M
2
TRCT
Tower Research Capital (TRC)
New York
+$2.34M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.14M
4
WAM
Weiss Asset Management
Massachusetts
+$2.08M
5
IMC Chicago
IMC Chicago
Illinois
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$72.2M
2
Jane Street
Jane Street
New York
-$51.8M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$39.2M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.09M
5
SOS
Silver Oak Securities
Tennessee
-$2.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
126
PNC Financial Services Group
Pennsylvania
$2.49K – – –
BAAM
127
Baker Avenue Asset Management
California
$2.3K -$2.93K -200 -54%
AWM
128
AllSquare Wealth Management
New York
$2.07K – – –
BFEC
129
Benjamin F. Edwards & Company
Missouri
$2K – – –
DWA
130
Dougherty Wealth Advisers
Minnesota
$1.86K +$879 +60 +80%
ME
131
McIlrath & Eck
Washington
$1.85K – – –
Comerica Bank
132
Comerica Bank
Texas
$1.85K +$1.96K +134 New
SS
133
Sunbelt Securities
Texas
$1.75K -$996 -68 -35%
HI
134
Harbour Investments
Wisconsin
$1.66K -$2.2K -150 -56%
HCP
135
Hexagon Capital Partners
Arkansas
$1.38K +$1.47K +100 New
FWM
136
Focused Wealth Management
New York
$1.2K +$73 +5 +6%
SSB
137
Sandy Spring Bank
Maryland
$1.01K – – –
Carson Wealth (CWM LLC)
138
Carson Wealth (CWM LLC)
Nebraska
$1K -$586 -40 -44%
Wells Fargo
139
Wells Fargo
California
$870 -$5.86K -400 -86%
AAP
140
Arax Advisory Partners
Colorado
$691 +$733 +50 New
BHWM
141
Beaird Harris Wealth Management
Texas
$650 – – –
CFD
142
Creative Financial Designs
Indiana
$407 +$15 +1 +4%
CAS
143
Coppell Advisory Solutions
Texas
$313 – – –
FDCDDQ
144
Federation des caisses Desjardins du Quebec
Quebec, Canada
$207 – – –
HWA
145
Heritage Wealth Advisors
Virginia
$166 – – –
First Manhattan
146
First Manhattan
New York
$165 – – –
DFA
147
DHJJ Financial Advisors
Illinois
$139 +$147 +10 New
BBHC
148
Brown Brothers Harriman & Co
New York
$83 – – –
HWM
149
Horizons Wealth Management
North Carolina
$69 – – –
Morgan Stanley
150
Morgan Stanley
New York
$47 +$29 +2 +200%
4 5
6
7 8

BITO Hedge Fund Activity: Q3 2023 in Review

153 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2023, worth a combined $248M — down 49% from $483M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of BITO and 20 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 49 added.

The largest buyer was Acorns Advisers, adding an estimated $3.06M. The largest seller was Goldman Sachs, cutting an estimated $72.2M.

  • 153 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2023, down from 161 in Q2 2023.
  • Funds reported $248M of ProShares Bitcoin Strategy ETF stock for Q3 2023, down 49% quarter-over-quarter.
  • 20 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2023 and 25 closed out, a net change of -5 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2023 was Acorns Advisers, an estimated $3.06M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2023 was Goldman Sachs, an estimated $72.2M sold.

Based on aggregated 13F filings for Q3 2023.