ProShares Bitcoin Strategy ETF
BITO
174 hedge funds and large institutions have $241M invested in ProShares Bitcoin Strategy ETF in 2022 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 30 closing their positions.
124% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 21
103% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 30
21% more funds holding
Funds holding: 144 → 174 (+30)
17.13% more ownership
Funds ownership: 22.06% → 39.19% (+17%)
16% less capital invested
Capital invested by funds: $288M → $241M (-$46.7M)
61% less call options, than puts
Call options by funds: $44.7M | Put options by funds: $115M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$175M |
| 2 |
AA
Acorns Advisers
Irvine,
California
|
+$25.7M |
| 3 |
Barclays
London,
United Kingdom
|
+$14.8M |
| 4 |
Renaissance Technologies
New York
|
+$8.77M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$8.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$38.9M |
| 2 |
KC
KCL Capital
New York
|
-$14.3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$12.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.91M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$5.38M |
BITO Hedge Fund Activity: Q2 2022 in Review
174 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2022, worth a combined $241M — down 16% from $288M a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new BITO positions and 30 closed out — a net gain of 31 holders — while 47 added to existing stakes and 21 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $175M. The largest seller was Jane Street, cutting an estimated $38.9M.
- 174 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2022, up from 144 in Q1 2022.
- Funds reported $241M of ProShares Bitcoin Strategy ETF stock for Q2 2022, down 16% quarter-over-quarter.
- 61 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2022 and 30 closed out, a net change of +31 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q2 2022 was Goldman Sachs, an estimated $175M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q2 2022 was Jane Street, an estimated $38.9M sold.
Based on aggregated 13F filings for Q2 2022.