ProShares Bitcoin Strategy ETF
BITO
151 hedge funds and large institutions have $388M invested in ProShares Bitcoin Strategy ETF in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 41 increasing their positions, 30 reducing their positions, and 33 closing their positions.
80% more capital invested
Capital invested by funds: $216M → $388M (+$172M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
37% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 30
2.78% more ownership
Funds ownership: 38.47% → 41.24% (+2.8%)
3% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 33
4% less funds holding
Funds holding: 157 → 151 (-6)
10% less call options, than puts
Call options by funds: $140M | Put options by funds: $155M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$37.1M |
| 2 |
Goldman Sachs
New York
|
+$10.6M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$3.99M |
| 4 |
SCA
Sassicaia Capital Advisers
Jericho,
New York
|
+$3.91M |
| 5 |
FC
Franchise Capital
Grand Cayman,
Cayman Islands
|
+$3.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FA
Faithward Advisors
Lancaster,
Pennsylvania
|
-$7.37M |
| 2 |
Jane Street
New York
|
-$6.16M |
| 3 |
Barclays
London,
United Kingdom
|
-$4.49M |
| 4 |
BCM
Bluefin Capital Management
New York
|
-$2.96M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
-$2.93M |
BITO Hedge Fund Activity: Q1 2023 in Review
151 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q1 2023, worth a combined $388M — up 80% from $216M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new BITO positions and 33 closed out — a net gain of 1 holder — while 41 added to existing stakes and 30 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $37.1M. The largest seller was Faithward Advisors, cutting an estimated $7.37M.
- 151 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q1 2023, down from 157 in Q4 2022.
- Funds reported $388M of ProShares Bitcoin Strategy ETF stock for Q1 2023, up 80% quarter-over-quarter.
- 34 funds opened new ProShares Bitcoin Strategy ETF positions in Q1 2023 and 33 closed out, a net change of +1 holder.
- The largest ProShares Bitcoin Strategy ETF buyer in Q1 2023 was Susquehanna International Group, an estimated $37.1M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q1 2023 was Faithward Advisors, an estimated $7.37M sold.
Based on aggregated 13F filings for Q1 2023.