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ProShares Bitcoin Strategy ETF
BITO

176 hedge funds and large institutions have $453M invested in ProShares Bitcoin Strategy ETF in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 64 increasing their positions, 46 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 46

21% more call options, than puts

Call options by funds: $369M | Put options by funds: $305M

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

5% less funds holding

Funds holding: 185 → 176 (-9)

17.95% less ownership

Funds ownership: 42.21% → 24.26% (-18%)

22% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 36

41% less capital invested

Capital invested by funds: $767M → $453M (-$314M)

Holders
176
Holders Change
-9
Holders Change %
-4.86%
% of All Funds
2.53%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
28
Increased
64
Reduced
46
Closed
36
Calls
$369M
Puts
$305M
Net Calls
+$64.3M
Net Calls Change
+$74.5M

Top Buyers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
+$13.6M
2
Belvedere Trading
Belvedere Trading
Illinois
+$7.64M
3
PCM
Prelude Capital Management
New York
+$5.79M
4
JFG
Jefferies Financial Group
New York
+$4.98M
5
HF
HRT Financial
New York
+$2.89M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$146M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$41.4M
3
RCMF
RK Capital Management (Florida)
Florida
-$21.5M
4
SC
Sylebra Capital
California
-$17.4M
5
UCMOK
United Capital Management of KS
Kansas
-$8.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
151
Royal Bank of Canada
Ontario, Canada
$3K -$2.41K -121 -41%
AWM
152
Activest Wealth Management
Florida
$2.72K – – –
SWM
153
Spire Wealth Management
Virginia
$2.69K – – –
CAS
154
Coppell Advisory Solutions
Texas
$2.58K +$1.99K +100 +333%
SAM
155
Smartleaf Asset Management
Massachusetts
$2.52K +$1.81K +91 +253%
VF
156
VitalStone Financial
Texas
$2.05K +$100 +5 +5%
RBC
157
Roble Belko & Company
Pennsylvania
$2K +$40 +2 +2%
ME
158
McIlrath & Eck
Washington
$1.94K – – –
NB
159
NBT Bank
New York
$1.92K +$1.99K +100 New
SC
160
Swan Capital
Florida
$1.42K +$1.48K +74 New
SSB
161
Sandy Spring Bank
Maryland
$1.4K – – –
SIS
162
Sound Income Strategies
Florida
$1.36K – – –
VNA
163
Valley National Advisers
Pennsylvania
$1K -$9.95K -499 -88%
PFG
164
Peterson Financial Group
Iowa
$949 +$977 +49 New
US Bancorp
165
US Bancorp
Minnesota
$921 – – –
CFD
166
Creative Financial Designs
Indiana
$887 +$179 +9 +24%
Morgan Stanley
167
Morgan Stanley
New York
$827 +$678 +34 +378%
Comerica Bank
168
Comerica Bank
Texas
$766 – – –
OP
169
ORG Partners
Indiana
$239 -$77.9K -3,907 -100%
HWA
170
Heritage Wealth Advisors
Virginia
$230 – – –
DFA
171
DHJJ Financial Advisors
Illinois
$192 – – –
HWP
172
Highline Wealth Partners
California
$134 +$140 +7 New
HWM
173
Horizons Wealth Management
North Carolina
$96 – – –
GJIA
174
Glass Jacobson Investment Advisors
Maryland
$77 – – –
Fidelity Investments
175
Fidelity Investments
Massachusetts
$38 -$20 -1 -33%
5 6
7
8 9

BITO Hedge Fund Activity: Q3 2024 in Review

176 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2024, worth a combined $453M — down 41% from $767M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of BITO and 28 opened new positions — a net loss of 8 holders — while 46 trimmed existing stakes and 64 added.

The largest buyer was Acorns Advisers, adding an estimated $13.6M. The largest seller was Jane Street, cutting an estimated $146M.

  • 176 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2024, down from 185 in Q2 2024.
  • Funds reported $453M of ProShares Bitcoin Strategy ETF stock for Q3 2024, down 41% quarter-over-quarter.
  • 28 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2024 and 36 closed out, a net change of -8 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2024 was Acorns Advisers, an estimated $13.6M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2024 was Jane Street, an estimated $146M sold.

Based on aggregated 13F filings for Q3 2024.