ProShares Bitcoin Strategy ETF
BITO
153 hedge funds and large institutions have $248M invested in ProShares Bitcoin Strategy ETF in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 25 closing their positions.
56% more call options, than puts
Call options by funds: $91.2M | Put options by funds: $58.6M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
26% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 39
5% less funds holding
Funds holding: 161 → 153 (-8)
18.88% less ownership
Funds ownership: 46.35% → 27.47% (-19%)
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
49% less capital invested
Capital invested by funds: $483M → $248M (-$234M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Acorns Advisers
Irvine,
California
|
+$3.06M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.34M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.14M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$2.08M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$72.2M |
| 2 |
Jane Street
New York
|
-$51.8M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$39.2M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$5.09M |
| 5 |
SOS
Silver Oak Securities
Jackson,
Tennessee
|
-$2.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Citadel Advisors
Miami,
Florida
| – | -$117 | -8 | Closed |
|
|
TSWM
177
Tyler-Stone Wealth Management
Beachwood,
Ohio
| – | +$440 | +30 | New |
|
BITO Hedge Fund Activity: Q3 2023 in Review
153 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2023, worth a combined $248M — down 49% from $483M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of BITO and 20 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 49 added.
The largest buyer was Acorns Advisers, adding an estimated $3.06M. The largest seller was Goldman Sachs, cutting an estimated $72.2M.
- 153 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2023, down from 161 in Q2 2023.
- Funds reported $248M of ProShares Bitcoin Strategy ETF stock for Q3 2023, down 49% quarter-over-quarter.
- 20 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2023 and 25 closed out, a net change of -5 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q3 2023 was Acorns Advisers, an estimated $3.06M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q3 2023 was Goldman Sachs, an estimated $72.2M sold.
Based on aggregated 13F filings for Q3 2023.