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ProShares Bitcoin Strategy ETF

151 hedge funds and large institutions have $388M invested in ProShares Bitcoin Strategy ETF in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 41 increasing their positions, 30 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more capital invested

Capital invested by funds: $216M → $388M (+$172M)

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

37% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 30

2.78% more ownership

Funds ownership: 38.47%41.24% (+2.8%)

3% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 33

4% less funds holding

Funds holding: 157151 (-6)

10% less call options, than puts

Call options by funds: $140M | Put options by funds: $155M

Holders
151
Holders Change
-6
Holders Change %
-3.82%
% of All Funds
2.41%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
34
Increased
41
Reduced
30
Closed
33
Calls
$140M
Puts
$155M
Net Calls
-$15.9M
Net Calls Change
+$22.1M
Name Holding Trade Value Shares
Change
Change in
Stake
BCM
151
Bluefin Capital Management
New York
-$2.96M -283,515 Closed
Parallax Volatility Advisers
152
Parallax Volatility Advisers
California
-$2.93M -204,027 Closed
BOC
153
Bull Oak Capital
California
-$2.72M -189,462 Closed
HF
154
HRT Financial
New York
-$1.82M -174,322 Closed
JF
155
Jump Financial
Illinois
-$1.25M -120,232 Closed
FTUS
156
Flow Traders U.S.
New York
-$1.16M -111,243 Closed
MTIM
157
Marathon Trading Investment Management
Pennsylvania
-$625K -59,923 Closed
EC
158
Elequin Capital
New York
-$594K -56,964 Closed
HSA
159
HBK Sorce Advisory
Pennsylvania
-$41K -40,000 Closed
AWM
160
Activest Wealth Management
Florida
-$366K -35,082 Closed
FIM
161
Freedom Investment Management
Connecticut
-$343K -32,846 Closed
TRCT
162
Tower Research Capital (TRC)
New York
-$299K -28,693 Closed
MG
163
Marex Group
-$290K -27,800 Closed
JFG
164
Jefferies Financial Group
New York
-$388K -27,000 Closed
Walleye Trading
165
Walleye Trading
New York
-$304K -21,203 Closed
TSS
166
Two Sigma Securities
New York
-$184K -17,617 Closed
OMC
167
Old Mission Capital
Illinois
-$173K -16,599 Closed
WS
168
Wedbush Securities
California
-$110K -10,550 Closed
HHGC
169
Hunting Hill Global Capital
New York
-$52.1K -5,000 Closed
RFA
170
Resurgent Financial Advisors
Georgia
-$21.3K -2,040 Closed
LWP
171
Laurel Wealth Planning
Minnesota
-$15.6K -1,497 Closed
Rockefeller Capital Management
172
Rockefeller Capital Management
New York
-$15K -1,441 Closed
MCC
173
Money Concepts Capital
Florida
-$12.7K -1,217 Closed
PMFA
174
Plante Moran Financial Advisors
Michigan
-$10.5K -1,005 Closed
RBC
175
Romano Brothers & Co
Illinois
-$7.56K -725 Closed

BITO Hedge Fund Activity: Q1 2023 in Review

151 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2023, worth a combined $388M — up 80% from $216M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new BITO positions and 33 closed out — a net gain of 1 holder — while 41 added to existing stakes and 30 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $37.1M. The largest seller was Faithward Advisors, cutting an estimated $7.37M.

  • 151 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2023, down from 157 in Q4 2022.
  • Funds reported $388M of ProShares Bitcoin Strategy ETF stock for Q1 2023, up 80% quarter-over-quarter.
  • 34 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2023 and 33 closed out, a net change of +1 holder.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2023 was Susquehanna International Group, an estimated $37.1M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2023 was Faithward Advisors, an estimated $7.37M sold.

Based on aggregated 13F filings for Q1 2023.