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ProShares Bitcoin Strategy ETF
BITO

161 hedge funds and large institutions have $483M invested in ProShares Bitcoin Strategy ETF in 2023 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 21

24% more capital invested

Capital invested by funds: $388M → $483M (+$94.5M)

24% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 38

7% more funds holding

Funds holding: 151 → 161 (+10)

5.11% more ownership

Funds ownership: 41.24% → 46.35% (+5.1%)

19% less call options, than puts

Call options by funds: $90.6M | Put options by funds: $111M

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
161
Holders Change
+10
Holders Change %
+6.62%
% of All Funds
2.53%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
32
Increased
47
Reduced
38
Closed
21
Calls
$90.6M
Puts
$111M
Net Calls
-$20.8M
Net Calls Change
-$4.95M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$111M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$18.3M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
+$4.86M
4
SOS
Silver Oak Securities
Tennessee
+$1.89M
5
PCM
Prelude Capital Management
New York
+$1.62M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$29.5M
2
Simplex Trading
Simplex Trading
Illinois
-$4.44M
3
FC
Franchise Capital
Cayman Islands
-$4.38M
4
SCA
Sassicaia Capital Advisers
New York
-$4.02M
5
CTC (Chicago Trading Company)
CTC (Chicago Trading Company)
Illinois
-$3.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAS
151
Coppell Advisory Solutions
Texas
$519 +$486 +30 New
CFD
152
Creative Financial Designs
Indiana
$468 +$49 +3 +12%
FDCDDQ
153
Federation des caisses Desjardins du Quebec
Quebec, Canada
$255 -$664 -41 -73%
HWA
154
Heritage Wealth Advisors
Virginia
$204 – – –
First Manhattan
155
First Manhattan
New York
$203 – – –
Citadel Advisors
156
Citadel Advisors
Florida
$136 +$130 +8 New
BBHC
157
Brown Brothers Harriman & Co
New York
$102 – – –
HWM
158
Horizons Wealth Management
North Carolina
$85 – – –
Morgan Stanley
159
Morgan Stanley
New York
$32 +$16 +1 New
Fidelity Investments
160
Fidelity Investments
Massachusetts
$17 -$16 -1 -50%
FC
161
Franchise Capital
Cayman Islands
– -$4.38M -249,850 Closed
CTC (Chicago Trading Company)
162
CTC (Chicago Trading Company)
Illinois
– -$3.75M -217,468 Closed
SSA
163
Schonfeld Strategic Advisors
New York
– -$724K -41,300 Closed
BAM
164
Belpointe Asset Management
Nevada
– -$627K -35,780 Closed
ICP
165
Interchange Capital Partners
Pennsylvania
– -$478K -27,300 Closed
CAC
166
Cowen and Company
New York
– -$471K -26,900 Closed
AWM
167
Axxcess Wealth Management
California
– -$471K -26,871 Closed
HKIMG
168
Hutchens & Kramer Investment Management Group
Indiana
– -$351K -20,044 Closed
JGC
169
J. Goldman & Co
New York
– -$263K -15,000 Closed
AWA
170
Arkadios Wealth Advisors
Georgia
– -$233K -13,297 Closed
WCP
171
Wick Capital Partners
Pennsylvania
– -$207K -11,796 Closed
PA
172
Parallel Advisors
California
– -$174K -9,909 Closed
SC
173
Shay Capital
New York
– -$97.2K -6,000 Closed
JP Morgan Chase
174
JP Morgan Chase
New York
– -$101K -5,752 Closed
AAS
175
Ameritas Advisory Services
Nebraska
– -$11.5K -676 Closed
4 5 6
7
8

BITO Hedge Fund Activity: Q2 2023 in Review

161 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2023, worth a combined $483M — up 24% from $388M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BITO positions and 21 closed out — a net gain of 11 holders — while 47 added to existing stakes and 38 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $111M. The largest seller was Goldman Sachs, cutting an estimated $29.5M.

  • 161 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2023, up from 151 in Q1 2023.
  • Funds reported $483M of ProShares Bitcoin Strategy ETF stock for Q2 2023, up 24% quarter-over-quarter.
  • 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2023 and 21 closed out, a net change of +11 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2023 was Jane Street, an estimated $111M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2023 was Goldman Sachs, an estimated $29.5M sold.

Based on aggregated 13F filings for Q2 2023.