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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$304M |
| 2 |
RCMF
RK Capital Management (Florida)
Weston,
Florida
|
+$77.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$72.6M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$24.7M |
| 5 |
SC
Sylebra Capital
Palo Alto,
California
|
+$19.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$267M |
| 2 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$108M |
| 3 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$8.89M |
| 4 |
PA
Paragon Advisors
College Station,
Texas
|
-$7.93M |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$7.35M |
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.