ProShares Bitcoin Strategy ETF
BITO
161 hedge funds and large institutions have $483M invested in ProShares Bitcoin Strategy ETF in 2023 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 21 closing their positions.
52% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 21
24% more capital invested
Capital invested by funds: $388M → $483M (+$94.5M)
24% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 38
7% more funds holding
Funds holding: 151 → 161 (+10)
5.11% more ownership
Funds ownership: 41.24% → 46.35% (+5.1%)
19% less call options, than puts
Call options by funds: $90.6M | Put options by funds: $111M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$111M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$18.3M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$4.86M |
| 4 |
SOS
Silver Oak Securities
Jackson,
Tennessee
|
+$1.89M |
| 5 |
PCM
Prelude Capital Management
New York
|
+$1.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$29.5M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$4.44M |
| 3 |
FC
Franchise Capital
Grand Cayman,
Cayman Islands
|
-$4.38M |
| 4 |
SCA
Sassicaia Capital Advisers
Jericho,
New York
|
-$4.02M |
| 5 |
CTC (Chicago Trading Company)
Chicago,
Illinois
|
-$3.75M |
BITO Hedge Fund Activity: Q2 2023 in Review
161 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2023, worth a combined $483M — up 24% from $388M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new BITO positions and 21 closed out — a net gain of 11 holders — while 47 added to existing stakes and 38 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $111M. The largest seller was Goldman Sachs, cutting an estimated $29.5M.
- 161 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2023, up from 151 in Q1 2023.
- Funds reported $483M of ProShares Bitcoin Strategy ETF stock for Q2 2023, up 24% quarter-over-quarter.
- 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2023 and 21 closed out, a net change of +11 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q2 2023 was Jane Street, an estimated $111M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q2 2023 was Goldman Sachs, an estimated $29.5M sold.
Based on aggregated 13F filings for Q2 2023.