ProShares Bitcoin Strategy ETF
BITO
157 hedge funds and large institutions have $216M invested in ProShares Bitcoin Strategy ETF in 2022 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 25 increasing their positions, 36 reducing their positions, and 40 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
3% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 40
0.59% more ownership
Funds ownership: 37.87% → 38.47% (+0.59%)
2% less funds holding
Funds holding: 160 → 157 (-3)
8% less capital invested
Capital invested by funds: $234M → $216M (-$18.1M)
31% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 36
44% less call options, than puts
Call options by funds: $48.7M | Put options by funds: $86.7M
Top Buyers
| 1 |
FA
Faithward Advisors
Lancaster,
Pennsylvania
|
+$15.8M |
| 2 |
Goldman Sachs
New York
|
+$5.99M |
| 3 |
AA
Acorns Advisers
Irvine,
California
|
+$5.04M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$3.17M |
| 5 |
Barclays
London,
United Kingdom
|
+$3.04M |
Top Sellers
| 1 |
Citadel Advisors
Miami,
Florida
|
-$5.43M |
| 2 |
Jane Street
New York
|
-$4.93M |
| 3 |
IC
IEQ Capital
Foster City,
California
|
-$2.73M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$2.56M |
| 5 |
PCM
Prelude Capital Management
New York
|
-$1.98M |
BITO Hedge Fund Activity: Q4 2022 in Review
157 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2022, worth a combined $216M — down 7.7% from $234M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new BITO positions and 40 closed out — a net gain of 1 holder — while 25 added to existing stakes and 36 trimmed.
The largest buyer was Faithward Advisors, opening a new position worth an estimated $15.8M. The largest seller was Citadel Advisors, exiting entirely with an estimated $5.43M sold.
- 157 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2022, down from 160 in Q3 2022.
- Funds reported $216M of ProShares Bitcoin Strategy ETF stock for Q4 2022, down 7.7% quarter-over-quarter.
- 41 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2022 and 40 closed out, a net change of +1 holder.
- The largest ProShares Bitcoin Strategy ETF buyer in Q4 2022 was Faithward Advisors, an estimated $15.8M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q4 2022 was Citadel Advisors, an estimated $5.43M sold.
Based on aggregated 13F filings for Q4 2022.