ProShares Bitcoin Strategy ETF
BITO
144 hedge funds and large institutions have $288M invested in ProShares Bitcoin Strategy ETF in 2022 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 35 increasing their positions, 14 reducing their positions, and 40 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 14
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 40
28% more capital invested
Capital invested by funds: $225M → $288M (+$63.5M)
13% more funds holding
Funds holding: 127 → 144 (+17)
2.72% more ownership
Funds ownership: 19.34% → 22.06% (+2.7%)
46% less call options, than puts
Call options by funds: $132M | Put options by funds: $243M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$37.4M |
| 2 |
KC
KCL Capital
New York
|
+$13M |
| 3 |
BFG
Bouchey Financial Group
Troy,
New York
|
+$12.9M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$9.66M |
| 5 |
Barclays
London,
United Kingdom
|
+$4.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$18.9M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.3M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$5.78M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$3.94M |
| 5 |
Millennium Management
New York
|
-$3.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWS
176
Glassman Wealth Services
Vienna,
Virginia
| – | -$3K | -100 | Closed |
|
|
SCA
177
Snowden Capital Advisors
New York
| – | -$2K | -88 | Closed |
|
|
DHGWA
178
Dixon Hughes Goodman Wealth Advisors
Asheville,
North Carolina
| – | -$52 | -2 | Closed |
|
179
Fidelity Investments
Boston,
Massachusetts
| – | +$26 | +1 | New |
|
180
Morgan Stanley
New York
| – | +$183 | +7 | New |
|
BITO Hedge Fund Activity: Q1 2022 in Review
144 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2022, worth a combined $288M — up 28% from $225M a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new BITO positions and 40 closed out — a net gain of 20 holders — while 35 added to existing stakes and 14 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $37.4M. The largest seller was Jane Street, cutting an estimated $18.9M.
- 144 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2022, up from 127 in Q4 2021.
- Funds reported $288M of ProShares Bitcoin Strategy ETF stock for Q1 2022, up 28% quarter-over-quarter.
- 60 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2022 and 40 closed out, a net change of +20 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q1 2022 was Citadel Advisors, an estimated $37.4M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q1 2022 was Jane Street, an estimated $18.9M sold.
Based on aggregated 13F filings for Q1 2022.