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ProShares Bitcoin Strategy ETF
BITO

189 hedge funds and large institutions have $771M invested in ProShares Bitcoin Strategy ETF in 2023 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 52 increasing their positions, 36 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more capital invested

Capital invested by funds: $248M → $771M (+$522M)

165% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 23

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

44% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 36

24% more funds holding

Funds holding: 153 → 189 (+36)

20.81% more ownership

Funds ownership: 27.47% → 48.28% (+21%)

7% more call options, than puts

Call options by funds: $135M | Put options by funds: $126M

Holders
189
Holders Change
+36
Holders Change %
+23.53%
% of All Funds
2.76%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
61
Increased
52
Reduced
36
Closed
23
Calls
$135M
Puts
$126M
Net Calls
+$9.38M
Net Calls Change
-$23.2M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$101M
2
AIM
ARK Investment Management
Florida
+$82.3M
3
Jane Street
Jane Street
New York
+$67.7M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$63.7M
5
Simplex Trading
Simplex Trading
Illinois
+$9.56M

Top Sellers

Rank Fund Capital Flow
1
AA
Acorns Advisers
California
-$2.22M
2
TRCT
Tower Research Capital (TRC)
New York
-$2.2M
3
WAM
Weiss Asset Management
Massachusetts
-$1.96M
4
PWM
Pinnacle Wealth Management
California
-$1.84M
5
IPW
Impact Partnership Wealth
Georgia
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
201
Intellectus Partners
California
– -$152K -11,000 Closed
CCG
202
Capital CS Group
California
– -$146K -10,577 Closed
ULWM
203
Upper Left Wealth Management
Florida
– -$140K -10,150 Closed
EPA
204
Element Pointe Advisors
Florida
– -$181K -10,000 Closed
RA
205
Rise Advisors
New York
– -$27.3K -1,978 Closed
UIA
206
Ulland Investment Advisors
Minnesota
– -$7K -500 Closed
BTI
207
Blue Trust Inc
Georgia
– -$8K -485 Closed
WWP
208
WR Wealth Planners
Missouri
– -$5.3K -384 Closed
CSPIA
209
Cary Street Partners Investment Advisory
Virginia
– -$3.45K -250 Closed
BAAM
210
Baker Avenue Asset Management
California
– -$2.3K -167 Closed
AAP
211
Arax Advisory Partners
Colorado
– -$691 -50 Closed
BHWM
212
Beaird Harris Wealth Management
Texas
– -$650 -47 Closed
AW
213
Avion Wealth
Texas
– -$452 -25 -71%
5 6 7 8
9

BITO Hedge Fund Activity: Q4 2023 in Review

189 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2023, worth a combined $771M — up 210% from $248M a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new BITO positions and 23 closed out — a net gain of 38 holders — while 52 added to existing stakes and 36 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $101M. The largest seller was Acorns Advisers, cutting an estimated $2.22M.

  • 189 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2023, up from 153 in Q3 2023.
  • Funds reported $771M of ProShares Bitcoin Strategy ETF stock for Q4 2023, up 210% quarter-over-quarter.
  • 61 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2023 and 23 closed out, a net change of +38 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q4 2023 was Goldman Sachs, an estimated $101M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q4 2023 was Acorns Advisers, an estimated $2.22M sold.

Based on aggregated 13F filings for Q4 2023.