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ProShares Bitcoin Strategy ETF
BITO

153 hedge funds and large institutions have $248M invested in ProShares Bitcoin Strategy ETF in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $91.2M | Put options by funds: $58.6M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

26% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 39

5% less funds holding

Funds holding: 161 → 153 (-8)

18.88% less ownership

Funds ownership: 46.35% → 27.47% (-19%)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

49% less capital invested

Capital invested by funds: $483M → $248M (-$234M)

Holders
153
Holders Change
-8
Holders Change %
-4.97%
% of All Funds
2.43%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
20
Increased
49
Reduced
39
Closed
25
Calls
$91.2M
Puts
$58.6M
Net Calls
+$32.6M
Net Calls Change
+$53.4M

Top Buyers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
+$3.06M
2
TRCT
Tower Research Capital (TRC)
New York
+$2.34M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.14M
4
WAM
Weiss Asset Management
Massachusetts
+$2.08M
5
IMC Chicago
IMC Chicago
Illinois
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$72.2M
2
Jane Street
Jane Street
New York
-$51.8M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$39.2M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.09M
5
SOS
Silver Oak Securities
Tennessee
-$2.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
151
Fidelity Investments
Massachusetts
$41 +$29 +2 +200%
Point72 Asset Management
152
Point72 Asset Management
Connecticut
– -$5.09M -300,000 Closed
Renaissance Technologies
153
Renaissance Technologies
New York
– -$1.53M -90,300 Closed
DS
154
DRW Securities
Illinois
– -$896K -52,749 Closed
P
155
Palladiem
Pennsylvania
– -$895K -52,735 Closed
SSG
156
Summit Securities Group
New York
– -$589K -34,700 Closed
WMS
157
Wealth Management Solutions
Pennsylvania
– -$525K -30,945 Closed
GCM
158
Ghisallo Capital Management
Massachusetts
– -$518K -30,500 Closed
IAN
159
Integrated Advisors Network
Texas
– -$511K -30,105 Closed
SCA
160
Sassicaia Capital Advisers
New York
– -$408K -24,000 Closed
QC
161
QCM Cayman
Texas
– -$393K -23,137 Closed
CAPTRUST Financial Advisors
162
CAPTRUST Financial Advisors
North Carolina
– -$330K -19,423 Closed
RWA
163
Redmont Wealth Advisors
Illinois
– -$255K -15,000 Closed
TA
164
Tectonic Advisors
Texas
– -$202K -11,898 Closed
AFG
165
Atomi Financial Group
New York
– -$173K -10,175 Closed
CAL
166
Capital Advisors Ltd
Ohio
– -$51K -2,980 Closed
MCI
167
MRP Capital Investments
Georgia
– -$18.7K -1,100 Closed
CTA
168
Colonial Trust Advisors
South Carolina
– -$5.94K -350 Closed
2L
169
25 LLC
Missouri
– -$4.38K -257 Closed
NFSG
170
Newbridge Financial Services Group
Florida
– -$2.97K -175 Closed
ODG
171
O'Dell Group
Ohio
– -$2.21K -130 Closed
WP
172
WealthPLAN Partners
Nebraska
– -$1.38K -81 Closed
HI
173
Horizon Investments
North Carolina
– -$684 -43 Closed
Northwestern Mutual Wealth Management
174
Northwestern Mutual Wealth Management
Wisconsin
– -$645 -38 Closed
WAM
175
Worth Asset Management
Texas
– -$594 -35 Closed
4 5 6
7
8

BITO Hedge Fund Activity: Q3 2023 in Review

153 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2023, worth a combined $248M — down 49% from $483M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of BITO and 20 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 49 added.

The largest buyer was Acorns Advisers, adding an estimated $3.06M. The largest seller was Goldman Sachs, cutting an estimated $72.2M.

  • 153 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2023, down from 161 in Q2 2023.
  • Funds reported $248M of ProShares Bitcoin Strategy ETF stock for Q3 2023, down 49% quarter-over-quarter.
  • 20 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2023 and 25 closed out, a net change of -5 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2023 was Acorns Advisers, an estimated $3.06M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2023 was Goldman Sachs, an estimated $72.2M sold.

Based on aggregated 13F filings for Q3 2023.