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ProShares Bitcoin Strategy ETF
BITO

190 hedge funds and large institutions have $369M invested in ProShares Bitcoin Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 76 increasing their positions, 41 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 41

65% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 26

9% more funds holding

Funds holding: 175 → 190 (+15)

8% more capital invested

Capital invested by funds: $341M → $369M (+$27M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

1.11% less ownership

Funds ownership: 15.78% → 14.67% (-1.1%)

55% less call options, than puts

Call options by funds: $80.1M | Put options by funds: $178M

Holders
190
Holders Change
+15
Holders Change %
+8.57%
% of All Funds
2.5%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
43
Increased
76
Reduced
41
Closed
26
Calls
$80.1M
Puts
$178M
Net Calls
-$97.7M
Net Calls Change
-$53.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$36M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$19.2M
3
Citadel Advisors
Citadel Advisors
Florida
+$14.6M
4
RCMF
RK Capital Management (Florida)
Florida
+$9.95M
5
FCG
Fielder Capital Group
Tennessee
+$9.16M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$136M
2
PCP
Proficio Capital Partners
Massachusetts
-$4.43M
3
Group One Trading
Group One Trading
Illinois
-$4.01M
4
SNT
SIG North Trading
Pennsylvania
-$2.67M
5
Simplex Trading
Simplex Trading
Illinois
-$2.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
176
PrairieView Partners
Minnesota
$1K – – –
VNA
177
Valley National Advisers
Pennsylvania
$1K – – –
Comerica Bank
178
Comerica Bank
Texas
$859 – – –
Barclays
179
Barclays
United Kingdom
$710 -$763 -37 -53%
SPIA
180
Steward Partners Investment Advisory
New York
$495 -$7.86K -381 -94%
SAM
181
Smartleaf Asset Management
Massachusetts
$384 – – –
RF
182
Rossby Financial
Florida
$344 – – –
HWA
183
Heritage Wealth Advisors
Virginia
$258 – – –
DFA
184
DHJJ Financial Advisors
Illinois
$216 – – –
CWM
185
Crowley Wealth Management
Delaware
$108 – – –
EWM
186
Evermay Wealth Management
Virginia
$108 +$103 +5 New
GJIA
187
Glass Jacobson Investment Advisors
Maryland
$87 – – –
CW
188
Curio Wealth
Maryland
$86 +$62 +3 +300%
BTI
189
Blue Trust Inc
Georgia
$86 +$82 +4 New
QWM
190
Quaker Wealth Management
New Jersey
$22 +$21 +1 New
SWIM
191
Smallwood Wealth Investment Management
New Jersey
$21 – – –
CVM
192
Cheviot Value Management
California
$6 – – –
Group One Trading
193
Group One Trading
Illinois
– -$4.01M -218,856 Closed
Simplex Trading
194
Simplex Trading
Illinois
– -$2.54M -138,514 Closed
Squarepoint
195
Squarepoint
New York
– -$1.02M -55,629 Closed
CCMT
196
CMT Capital Markets Trading
Germany
– -$919K -50,150 Closed
CF
197
Claris Financial
Virginia
– -$632K -27,727 Closed
IWC
198
Integrated Wealth Concepts
Massachusetts
– -$427K -23,289 Closed
Thrivent Financial for Lutherans
199
Thrivent Financial for Lutherans
Minnesota
– -$466K -19,815 Closed
TSS
200
Two Sigma Securities
New York
– -$275K -15,033 Closed
5 6 7
8
9

BITO Hedge Fund Activity: Q2 2025 in Review

190 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2025, worth a combined $369M — up 7.9% from $341M a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new BITO positions and 26 closed out — a net gain of 17 holders — while 76 added to existing stakes and 41 trimmed.

The largest buyer was Jane Street, adding an estimated $36M. The largest seller was Goldman Sachs, cutting an estimated $136M.

  • 190 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2025, up from 175 in Q1 2025.
  • Funds reported $369M of ProShares Bitcoin Strategy ETF stock for Q2 2025, up 7.9% quarter-over-quarter.
  • 43 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2025 and 26 closed out, a net change of +17 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2025 was Jane Street, an estimated $36M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2025 was Goldman Sachs, an estimated $136M sold.

Based on aggregated 13F filings for Q2 2025.