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ProShares Bitcoin Strategy ETF
BITO

197 hedge funds and large institutions have $484M invested in ProShares Bitcoin Strategy ETF in 2024 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 63 increasing their positions, 42 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 37

50% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 42

14% more call options, than puts

Call options by funds: $346M | Put options by funds: $303M

12% more funds holding

Funds holding: 176 → 197 (+21)

7% more capital invested

Capital invested by funds: $453M → $484M (+$31.5M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2.99% less ownership

Funds ownership: 24.26% → 21.27% (-3%)

Holders
197
Holders Change
+21
Holders Change %
+11.93%
% of All Funds
2.59%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
60
Increased
63
Reduced
42
Closed
37
Calls
$346M
Puts
$303M
Net Calls
+$42.2M
Net Calls Change
-$22.1M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$70.6M
2
Citadel Advisors
Citadel Advisors
Florida
+$12.2M
3
SSG
Summit Securities Group
New York
+$6.57M
4
SNT
SIG North Trading
Pennsylvania
+$6.21M
5
TI
Tidal Investments
Wisconsin
+$4.55M

Top Sellers

Rank Fund Capital Flow
1
RCMF
RK Capital Management (Florida)
Florida
-$58.8M
2
Jane Street
Jane Street
New York
-$39.4M
3
WA
Whitebox Advisors
Minnesota
-$13.4M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$8.02M
5
PCM
Prelude Capital Management
New York
-$5.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
LFG
151
Larson Financial Group
Missouri
$11.2K +$1.51K +68 +16%
ME
152
McIlrath & Eck
Washington
$10.6K +$8.06K +363 +359%
RMP
153
Richards, Merrill & Peterson
Washington
$10.3K +$9.99K +450 New
BCWM
154
Bartlett & Co Wealth Management
Ohio
$9.2K – – –
SS
155
Sunbelt Securities
Texas
$9.2K – – –
WWP
156
WR Wealth Planners
Missouri
$8.75K – – –
CIBC Private Wealth Group
157
CIBC Private Wealth Group
Georgia
$6.3K -$106K -4,775 -95%
GRP
158
Global Retirement Partners
California
$6.08K +$266 +12 +5%
MCM
159
Manchester Capital Management
Vermont
$5.81K – – –
SWM
160
Spire Wealth Management
Virginia
$4.78K +$1.55K +70 +50%
CBT
161
Crews Bank & Trust
Florida
$4.69K +$4.57K +206 New
RAM
162
Riggs Asset Management
Pennsylvania
$4.6K – – –
OSAM
163
O'Shaughnessy Asset Management
Connecticut
$4.56K +$4.44K +200 New
HNB
164
Huntington National Bank
Ohio
$4.1K – – –
CWM
165
Consultiva Wealth Management
Puerto Rico
$3.99K +$3.88K +175 New
FDCDDQ
166
Federation des caisses Desjardins du Quebec
Quebec, Canada
$3.85K +$89 +4 +2%
BA
167
Bellwether Advisors
Nebraska
$3.78K +$3.69K +166 New
CAWM
168
Capital A Wealth Management
Pennsylvania
$3.19K +$3.11K +140 New
AWM
169
AE Wealth Management
Kansas
$3.1K +$3.02K +136 New
Royal Bank of Canada
170
Royal Bank of Canada
Ontario, Canada
$3K -$977 -44 -25%
RBC
171
Roble Belko & Company
Pennsylvania
$3K – – –
MIFH
172
Migdal Insurance & Financial Holdings
Israel
$3K +$3.15K +142 New
AWM
173
Activest Wealth Management
Florida
$2.83K +$89 +4 +6%
CIAS
174
Capital Investment Advisory Services
North Carolina
$2.48K +$2.42K +109 New
SFGP
175
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
$2.48K +$2.42K +109 New
5 6
7
8 9

BITO Hedge Fund Activity: Q4 2024 in Review

197 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2024, worth a combined $484M — up 6.9% from $453M a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new BITO positions and 37 closed out — a net gain of 23 holders — while 63 added to existing stakes and 42 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $70.6M. The largest seller was RK Capital Management (Florida), exiting entirely with an estimated $58.8M sold.

  • 197 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2024, up from 176 in Q3 2024.
  • Funds reported $484M of ProShares Bitcoin Strategy ETF stock for Q4 2024, up 6.9% quarter-over-quarter.
  • 60 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2024 and 37 closed out, a net change of +23 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q4 2024 was Goldman Sachs, an estimated $70.6M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q4 2024 was RK Capital Management (Florida), an estimated $58.8M sold.

Based on aggregated 13F filings for Q4 2024.