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ProShares Bitcoin Strategy ETF
BITO

202 hedge funds and large institutions have $1.39B invested in ProShares Bitcoin Strategy ETF in 2024 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 39 increasing their positions, 69 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more capital invested

Capital invested by funds: $771M → $1.39B (+$620M)

80% more funds holding in top 10

Funds holding in top 10: 5 → 9 (+4)

35% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 49

7% more funds holding

Funds holding: 189 → 202 (+13)

1.65% less ownership

Funds ownership: 48.28% → 46.63% (-1.7%)

14% less call options, than puts

Call options by funds: $191M | Put options by funds: $223M

43% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 69

Holders
202
Holders Change
+13
Holders Change %
+6.88%
% of All Funds
2.91%
Holding in Top 10
9
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+80%
% of All Funds
0.13%
New
66
Increased
39
Reduced
69
Closed
49
Calls
$191M
Puts
$223M
Net Calls
-$31.9M
Net Calls Change
-$41.3M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$304M
2
RCMF
RK Capital Management (Florida)
Florida
+$77.7M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$72.6M
4
Marshall Wace
Marshall Wace
United Kingdom
+$24.7M
5
SC
Sylebra Capital
California
+$19.5M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$267M
2
AIM
ARK Investment Management
Florida
-$108M
3
TF
Trek Financial
Arizona
-$8.89M
4
PA
Paragon Advisors
Texas
-$7.93M
5
AWM
AE Wealth Management
Kansas
-$7.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCP
176
Hexagon Capital Partners
Arkansas
$3.23K – – –
NFSG
177
Newbridge Financial Services Group
Florida
$3.23K +$2.52K +100 New
AWM
178
Activest Wealth Management
Florida
$2.49K +$1.76K +70 New
DWA
179
Dougherty Wealth Advisers
Minnesota
$2.42K – – –
SSB
180
Sandy Spring Bank
Maryland
$2.36K – – –
Carson Wealth (CWM LLC)
181
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
PP
182
PrairieView Partners
Minnesota
$2K – – –
ADL
183
Asset Dedication LLC
California
$2K +$1.56K +62 New
RBC
184
Roble Belko & Company
Pennsylvania
$2K +$1.69K +67 New
SIS
185
Sound Income Strategies
Florida
$1.71K +$1.33K +53 New
IPW
186
Impact Partnership Wealth
Georgia
$1.61K -$1.88M -74,646 -100%
US Bancorp
187
US Bancorp
Minnesota
$1.55K – – –
Comerica Bank
188
Comerica Bank
Texas
$1.29K -$17.4K -691 -95%
Wells Fargo
189
Wells Fargo
California
$1.2K -$27.4K -1,088 -97%
SAM
190
Smartleaf Asset Management
Massachusetts
$1.13K – – –
CFD
191
Creative Financial Designs
Indiana
$1.02K +$25 +1 +3%
AW
192
Avion Wealth
Texas
$1K – – –
TSWM
193
Tyler-Stone Wealth Management
Ohio
$969 – – –
FDCDDQ
194
Federation des caisses Desjardins du Quebec
Quebec, Canada
$485 – – –
HWA
195
Heritage Wealth Advisors
Virginia
$388 – – –
First Manhattan
196
First Manhattan
New York
$387 – – –
DFA
197
DHJJ Financial Advisors
Illinois
$323 – – –
SPIA
198
Steward Partners Investment Advisory
New York
$194 – – –
Morgan Stanley
199
Morgan Stanley
New York
$191 -$4.01M -159,409 -100%
CFGS
200
Concourse Financial Group Securities
Alabama
$161 +$126 +5 New
6 7
8
9 10

BITO Hedge Fund Activity: Q1 2024 in Review

202 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2024, worth a combined $1.39B — up 80% from $771M a quarter earlier.

Buyers outnumbered sellers: 66 funds opened new BITO positions and 49 closed out — a net gain of 17 holders — while 39 added to existing stakes and 69 trimmed.

The largest buyer was Jane Street, adding an estimated $304M. The largest seller was Goldman Sachs, cutting an estimated $267M.

  • 202 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2024, up from 189 in Q4 2023.
  • Funds reported $1.39B of ProShares Bitcoin Strategy ETF stock for Q1 2024, up 80% quarter-over-quarter.
  • 66 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2024 and 49 closed out, a net change of +17 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q1 2024 was Jane Street, an estimated $304M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q1 2024 was Goldman Sachs, an estimated $267M sold.

Based on aggregated 13F filings for Q1 2024.