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ProShares Bitcoin Strategy ETF
BITO

160 hedge funds and large institutions have $234M invested in ProShares Bitcoin Strategy ETF in 2022 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 29 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 29

3% less capital invested

Capital invested by funds: $241M → $234M (-$7.53M)

1.35% less ownership

Funds ownership: 39.22% → 37.87% (-1.3%)

9% less funds holding

Funds holding: 175 → 160 (-15)

31% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 36

39% less call options, than puts

Call options by funds: $47.3M | Put options by funds: $77.7M

Holders
160
Holders Change
-15
Holders Change %
-8.57%
% of All Funds
2.76%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
25
Increased
40
Reduced
29
Closed
36
Calls
$47.3M
Puts
$77.7M
Net Calls
-$30.5M
Net Calls Change
+$41M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$22.8M
2
PA
Paragon Advisors
Texas
+$8.43M
3
AA
Acorns Advisers
California
+$5.76M
4
FTUS
Flow Traders U.S.
New York
+$3.11M
5
PCM
Prelude Capital Management
New York
+$2.16M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$15.3M
2
Barclays
Barclays
United Kingdom
-$8.36M
3
BFG
Bouchey Financial Group
New York
-$6.35M
4
Simplex Trading
Simplex Trading
Illinois
-$5.75M
5
NCL
Nishkama Capital LLC
Puerto Rico
-$4.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$126M +$22.8M +1,735,091 +20%
AA
2
Acorns Advisers
California
$20.9M +$5.76M +439,091 +34%
Jane Street
3
Jane Street
New York
$12.4M +$1.27M +97,146 +10%
PA
4
Paragon Advisors
Texas
$10.2M +$8.43M +642,414 +304%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$6.69M -$705K -53,735 -9%
Citadel Advisors
6
Citadel Advisors
Florida
$5.84M -$15.3M -1,168,417 -71%
FTUS
7
Flow Traders U.S.
New York
$4.08M +$3.11M +237,342 +230%
Barclays
8
Barclays
United Kingdom
$3.12M -$8.36M -637,401 -71%
IC
9
IEQ Capital
California
$2.73M -$394K -30,000 -12%
FAM
10
Forte Asset Management
New York
$2.38M +$941K +71,747 +57%
MWA
11
MFA Wealth Advisors
Pennsylvania
$2.21M +$494K +37,669 +26%
BOC
12
Bull Oak Capital
California
$2.13M +$724K +55,208 +45%
PCM
13
Prelude Capital Management
New York
$1.98M +$2.16M +165,000 New
National Bank of Canada
14
National Bank of Canada
Quebec, Canada
$1.87M +$1.83M +139,533 +861%
PWM
15
Pinnacle Wealth Management
California
$1.74M +$574K +43,756 +43%
Wolverine Trading
16
Wolverine Trading
Illinois
$1.64M +$1.4M +107,094 +354%
Parallax Volatility Advisers
17
Parallax Volatility Advisers
California
$1.47M -$1.5M -114,130 -48%
Renaissance Technologies
18
Renaissance Technologies
New York
$1.34M -$4.24M -323,500 -74%
Financial Engines Advisors
19
Financial Engines Advisors
California
$1.28M +$220K +16,764 +19%
BC
20
Burleson & Co
California
$1.25M +$866K +66,000 +171%
AWM
21
AE Wealth Management
Kansas
$1.17M -$1.21M -91,946 -49%
JF
22
Jump Financial
Illinois
$1.07M -$768K -58,542 -39%
HighTower Advisors
23
HighTower Advisors
Illinois
$1.06M -$1.79M -136,752 -61%
Belvedere Trading
24
Belvedere Trading
Illinois
$1.06M +$1.04M +79,593 +1,687%
TRCT
25
Tower Research Capital (TRC)
New York
$959K -$196K -14,966 -16%
1
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BITO Hedge Fund Activity: Q3 2022 in Review

160 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q3 2022, worth a combined $234M — down 3.1% from $241M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of BITO and 25 opened new positions — a net loss of 11 holders — while 29 trimmed existing stakes and 40 added.

The largest buyer was Goldman Sachs, adding an estimated $22.8M. The largest seller was Citadel Advisors, cutting an estimated $15.3M.

  • 160 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q3 2022, down from 175 in Q2 2022.
  • Funds reported $234M of ProShares Bitcoin Strategy ETF stock for Q3 2022, down 3.1% quarter-over-quarter.
  • 25 funds opened new ProShares Bitcoin Strategy ETF positions in Q3 2022 and 36 closed out, a net change of -11 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q3 2022 was Goldman Sachs, an estimated $22.8M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q3 2022 was Citadel Advisors, an estimated $15.3M sold.

Based on aggregated 13F filings for Q3 2022.