We are live on ! Find out more
BITO icon

ProShares Bitcoin Strategy ETF
BITO

185 hedge funds and large institutions have $767M invested in ProShares Bitcoin Strategy ETF in 2024 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 48

7% less call options, than puts

Call options by funds: $140M | Put options by funds: $150M

4.42% less ownership

Funds ownership: 46.63% → 42.21% (-4.4%)

8% less funds holding

Funds holding: 202 → 185 (-17)

33% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 48

44% less funds holding in top 10

Funds holding in top 10: 9 → 5 (-4)

45% less capital invested

Capital invested by funds: $1.39B → $767M (-$624M)

Holders
185
Holders Change
-17
Holders Change %
-8.42%
% of All Funds
2.67%
Holding in Top 10
5
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-44.44%
% of All Funds
0.07%
New
32
Increased
60
Reduced
48
Closed
48
Calls
$140M
Puts
$150M
Net Calls
-$10.2M
Net Calls Change
+$21.7M

Top Buyers

Rank Fund Capital Flow
1
RCMF
RK Capital Management (Florida)
Florida
+$23.1M
2
Citadel Advisors
Citadel Advisors
Florida
+$17.9M
3
AA
Acorns Advisers
California
+$8.66M
4
DS
DRW Securities
Illinois
+$4.31M
5
FIA
FNY Investment Advisers
New York
+$4.3M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$131M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$82.4M
3
Marshall Wace
Marshall Wace
United Kingdom
-$31.7M
4
Simplex Trading
Simplex Trading
Illinois
-$16.3M
5
SSG
Summit Securities Group
New York
-$14.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
HFS
151
Hantz Financial Services
Michigan
$6K – – –
LFG
152
Larson Financial Group
Missouri
$5.88K +$1.07K +40 +18%
MCM
153
Manchester Capital Management
Vermont
$5.74K – – –
CAL
154
Capital Analysts LLC
Pennsylvania
$5K +$5.72K +214 New
GJWM
155
Gilliland Jeter Wealth Management
Arkansas
$4.5K – – –
RAM
156
Riggs Asset Management
Pennsylvania
$4.5K – – –
HNB
157
Huntington National Bank
Ohio
$4.05K – – –
SWM
158
Spire Wealth Management
Virginia
$3.15K -$1.28K -48 -26%
RBC
159
Roble Belko & Company
Pennsylvania
$3K +$1.28K +48 +72%
AWM
160
Activest Wealth Management
Florida
$2.55K – – –
EC
161
EdgeRock Capital
Colorado
$2.39K +$2.83K +106 New
VF
162
VitalStone Financial
Texas
$2.3K -$38.2K -1,430 -93%
ME
163
McIlrath & Eck
Washington
$2.27K – – –
HCP
164
Hexagon Capital Partners
Arkansas
$2.25K – – –
DWA
165
Dougherty Wealth Advisers
Minnesota
$1.69K – – –
SSB
166
Sandy Spring Bank
Maryland
$1.64K – – –
SIS
167
Sound Income Strategies
Florida
$1.6K +$481 +18 +34%
US Bancorp
168
US Bancorp
Minnesota
$1.08K – – –
SFC
169
Strategic Financial Concepts
Texas
$1K +$615K +22,982 New
PP
170
PrairieView Partners
Minnesota
$1K – – –
FDCDDQ
171
Federation des caisses Desjardins du Quebec
Quebec, Canada
$900 +$669 +25 +167%
Comerica Bank
172
Comerica Bank
Texas
$899 – – –
CFD
173
Creative Financial Designs
Indiana
$836 +$160 +6 +19%
SAM
174
Smartleaf Asset Management
Massachusetts
$831 – – –
TSWM
175
Tyler-Stone Wealth Management
Ohio
$675 – – –
5 6
7
8 9

BITO Hedge Fund Activity: Q2 2024 in Review

185 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2024, worth a combined $767M — down 45% from $1.39B a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of BITO and 32 opened new positions — a net loss of 16 holders — while 48 trimmed existing stakes and 60 added.

The largest buyer was RK Capital Management (Florida), adding an estimated $23.1M. The largest seller was Jane Street, cutting an estimated $131M.

  • 185 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2024, down from 202 in Q1 2024.
  • Funds reported $767M of ProShares Bitcoin Strategy ETF stock for Q2 2024, down 45% quarter-over-quarter.
  • 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2024 and 48 closed out, a net change of -16 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2024 was RK Capital Management (Florida), an estimated $23.1M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2024 was Jane Street, an estimated $131M sold.

Based on aggregated 13F filings for Q2 2024.