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ProShares Bitcoin Strategy ETF
BITO

185 hedge funds and large institutions have $767M invested in ProShares Bitcoin Strategy ETF in 2024 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 48

7% less call options, than puts

Call options by funds: $140M | Put options by funds: $150M

4.42% less ownership

Funds ownership: 46.63% → 42.21% (-4.4%)

8% less funds holding

Funds holding: 202 → 185 (-17)

33% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 48

44% less funds holding in top 10

Funds holding in top 10: 9 → 5 (-4)

45% less capital invested

Capital invested by funds: $1.39B → $767M (-$624M)

Holders
185
Holders Change
-17
Holders Change %
-8.42%
% of All Funds
2.67%
Holding in Top 10
5
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-44.44%
% of All Funds
0.07%
New
32
Increased
60
Reduced
48
Closed
48
Calls
$140M
Puts
$150M
Net Calls
-$10.2M
Net Calls Change
+$21.7M

Top Buyers

Rank Fund Capital Flow
1
RCMF
RK Capital Management (Florida)
Florida
+$23.1M
2
Citadel Advisors
Citadel Advisors
Florida
+$17.9M
3
AA
Acorns Advisers
California
+$8.66M
4
DS
DRW Securities
Illinois
+$4.31M
5
FIA
FNY Investment Advisers
New York
+$4.3M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$131M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$82.4M
3
Marshall Wace
Marshall Wace
United Kingdom
-$31.7M
4
Simplex Trading
Simplex Trading
Illinois
-$16.3M
5
SSG
Summit Securities Group
New York
-$14.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAS
176
Coppell Advisory Solutions
Texas
$675 +$802 +30 New
UWS
177
Unique Wealth Strategies
Illinois
$646 +$535 +20 New
HWA
178
Heritage Wealth Advisors
Virginia
$270 – – –
Northwestern Mutual Wealth Management
179
Northwestern Mutual Wealth Management
Wisconsin
$248 +$294 +11 New
DFA
180
DHJJ Financial Advisors
Illinois
$226 – – –
Morgan Stanley
181
Morgan Stanley
New York
$204 +$107 +4 +80%
Qube Research & Technologies (QRT)
182
Qube Research & Technologies (QRT)
United Kingdom
$180 -$99.4K -3,716 -100%
PCWA
183
Pacific Capital Wealth Advisors
California
$135 +$160 +6 New
HWM
184
Horizons Wealth Management
North Carolina
$118 – – –
GJIA
185
Glass Jacobson Investment Advisors
Maryland
$91 – – –
Fidelity Investments
186
Fidelity Investments
Massachusetts
$68 +$53 +2 +200%
Marshall Wace
187
Marshall Wace
United Kingdom
– -$31.7M -981,014 Closed
AIM
188
ARK Investment Management
Florida
– -$8.89M -275,354 Closed
SW
189
Simplicity Wealth
New Jersey
– -$581K -167,758 Closed
KPF
190
K2 Principal Fund
Ontario, Canada
– -$4.2M -130,128 Closed
SAM
191
Strategy Asset Managers
California
– -$1.14M -35,212 Closed
3AM
192
3EDGE Asset Management
Florida
– -$1.13M -35,105 Closed
SCA
193
Sassicaia Capital Advisers
New York
– -$1.04M -32,200 Closed
BOC
194
Bull Oak Capital
California
– -$998K -30,892 Closed
DIM
195
Delta Investment Management
California
– -$974K -30,146 Closed
CGF
196
Constant Guidance Financial
Massachusetts
– -$752K -25,044 Closed
AWM
197
Axxcess Wealth Management
California
– -$716K -22,165 Closed
UBS Group
198
UBS Group
Switzerland
– -$683K -21,135 Closed
SFG
199
SevenBridge Financial Group
Pennsylvania
– -$368K -14,606 Closed
RWM
200
Revisor Wealth Management
Ohio
– -$301K -13,846 Closed
6 7
8
9 10

BITO Hedge Fund Activity: Q2 2024 in Review

185 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2024, worth a combined $767M — down 45% from $1.39B a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of BITO and 32 opened new positions — a net loss of 16 holders — while 48 trimmed existing stakes and 60 added.

The largest buyer was RK Capital Management (Florida), adding an estimated $23.1M. The largest seller was Jane Street, cutting an estimated $131M.

  • 185 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2024, down from 202 in Q1 2024.
  • Funds reported $767M of ProShares Bitcoin Strategy ETF stock for Q2 2024, down 45% quarter-over-quarter.
  • 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2024 and 48 closed out, a net change of -16 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2024 was RK Capital Management (Florida), an estimated $23.1M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2024 was Jane Street, an estimated $131M sold.

Based on aggregated 13F filings for Q2 2024.