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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
NCL
151
Nishkama Capital LLC
Puerto Rico
– -$4.48M -386,000 Closed
JP Morgan Chase
152
JP Morgan Chase
New York
– -$2.32M -200,000 Closed
LP
153
LMR Partners
United Kingdom
– -$2.32M -200,000 Closed
PAG
154
Private Advisory Group
Washington
– -$1.56M -134,315 Closed
BCM
155
Bluefin Capital Management
New York
– -$1.44M -109,982 Closed
IMC Chicago
156
IMC Chicago
Illinois
– -$1.12M -96,675 Closed
EWM
157
Executive Wealth Management
Michigan
– -$871K -75,081 Closed
CAM
158
Cresset Asset Management
Illinois
– -$522K -44,938 Closed
LHEI
159
Leo H. Evart Inc
California
– -$279K -24,000 Closed
FCH
160
Freestone Capital Holdings
Washington
– -$158K -13,636 Closed
KPW
161
Kore Private Wealth
New York
– -$135K -11,664 Closed
LA
162
LexAurum Advisors
Kansas
– -$127K -10,920 Closed
HHGC
163
Hunting Hill Global Capital
New York
– -$104K -9,000 Closed
CAPTRUST Financial Advisors
164
CAPTRUST Financial Advisors
North Carolina
– -$102K -8,798 Closed
IIL
165
Insight Inv LLC
California
– -$89K -7,650 Closed
Qube Research & Technologies (QRT)
166
Qube Research & Technologies (QRT)
United Kingdom
– -$41K -3,561 Closed
WAM
167
Worth Asset Management
Texas
– -$19.7K -1,500 -98%
BWA
168
BDO Wealth Advisors
Florida
– -$13K -1,160 Closed
JPLA
169
Joseph P. Lucia & Associates
New York
– -$13K -1,085 Closed
AW
170
ACG Wealth
Georgia
– -$10K -865 Closed
BWS
171
BCR Wealth Strategies
Alabama
– -$10K -845 Closed
COCM
172
Charter Oak Capital Management
New Hampshire
– -$9K -801 Closed
EC
173
Elequin Capital
New York
– -$6K -543 Closed
BlackRock
174
BlackRock
New York
– -$6K -500 Closed
1IA
175
1834 Investment Advisors
Wisconsin
– -$4K -363 Closed
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.