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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
CFD
151
Creative Financial Designs
Indiana
$261 – – –
First Manhattan
152
First Manhattan
New York
$125 – – –
CIBC Private Wealth Group
153
CIBC Private Wealth Group
Georgia
$110 – – –
BBHC
154
Brown Brothers Harriman & Co
New York
$63 – – –
Citadel Advisors
155
Citadel Advisors
Florida
– -$5.43M -486,782 Closed
IC
156
IEQ Capital
California
– -$2.73M -227,953 Closed
PCM
157
Prelude Capital Management
New York
– -$1.98M -165,000 Closed
Wolverine Trading
158
Wolverine Trading
Illinois
– -$1.64M -137,379 Closed
Renaissance Technologies
159
Renaissance Technologies
New York
– -$1.34M -112,100 Closed
Belvedere Trading
160
Belvedere Trading
Illinois
– -$1.06M -84,310 Closed
T
161
TCWP
Ohio
– -$720K -60,071 Closed
WFA
162
West Financial Advisors
Iowa
– -$628K -52,336 Closed
TI
163
Truepoint Inc
Ohio
– -$502K -41,900 Closed
ACA
164
Ackerman Capital Advisors
Texas
– -$423K -35,297 Closed
BFG
165
Bouchey Financial Group
New York
– -$346K -28,892 Closed
AIS
166
AM Investment Strategies
Tennessee
– -$300K -25,000 Closed
SI
167
Symmetry Investments
Jersey
– -$300K -25,000 Closed
CG
168
Cutler Group
California
– -$215K -19,245 Closed
WA
169
Waverly Advisors
Alabama
– -$223K -18,611 Closed
SCM
170
Stevens Capital Management
Pennsylvania
– -$169K -14,135 Closed
SFG
171
SevenBridge Financial Group
Pennsylvania
– -$129K -10,725 Closed
SBIA
172
Sheaff Brock Investment Advisors
Indiana
– -$120K -10,000 Closed
CB
173
CNB Bank
Pennsylvania
– -$94K -7,870 Closed
PI
174
PEAK6 Investments
Illinois
– -$93K -7,735 Closed
ODG
175
O'Dell Group
Ohio
– -$93K -7,725 Closed
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.