ProShares Bitcoin Strategy ETF
BITO
185 hedge funds and large institutions have $767M invested in ProShares Bitcoin Strategy ETF in 2024 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 48 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 48
7% less call options, than puts
Call options by funds: $140M | Put options by funds: $150M
4.42% less ownership
Funds ownership: 46.63% → 42.21% (-4.4%)
8% less funds holding
Funds holding: 202 → 185 (-17)
33% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 48
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
45% less capital invested
Capital invested by funds: $1.39B → $767M (-$624M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMF
RK Capital Management (Florida)
Weston,
Florida
|
+$23.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$17.9M |
| 3 |
AA
Acorns Advisers
Irvine,
California
|
+$8.66M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
+$4.31M |
| 5 |
FIA
FNY Investment Advisers
New York
|
+$4.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$131M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$82.4M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$31.7M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$16.3M |
| 5 |
SSG
Summit Securities Group
New York
|
-$14.9M |
BITO Hedge Fund Activity: Q2 2024 in Review
185 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2024, worth a combined $767M — down 45% from $1.39B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of BITO and 32 opened new positions — a net loss of 16 holders — while 48 trimmed existing stakes and 60 added.
The largest buyer was RK Capital Management (Florida), adding an estimated $23.1M. The largest seller was Jane Street, cutting an estimated $131M.
- 185 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2024, down from 202 in Q1 2024.
- Funds reported $767M of ProShares Bitcoin Strategy ETF stock for Q2 2024, down 45% quarter-over-quarter.
- 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2024 and 48 closed out, a net change of -16 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q2 2024 was RK Capital Management (Florida), an estimated $23.1M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q2 2024 was Jane Street, an estimated $131M sold.
Based on aggregated 13F filings for Q2 2024.