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ProShares Bitcoin Strategy ETF
BITO

161 hedge funds and large institutions have $483M invested in ProShares Bitcoin Strategy ETF in 2023 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 21

24% more capital invested

Capital invested by funds: $388M → $483M (+$94.5M)

24% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 38

7% more funds holding

Funds holding: 151 → 161 (+10)

5.11% more ownership

Funds ownership: 41.24% → 46.35% (+5.1%)

19% less call options, than puts

Call options by funds: $90.6M | Put options by funds: $111M

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
161
Holders Change
+10
Holders Change %
+6.62%
% of All Funds
2.53%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
32
Increased
47
Reduced
38
Closed
21
Calls
$90.6M
Puts
$111M
Net Calls
-$20.8M
Net Calls Change
-$4.95M

Top Buyers

1
Jane Street
Jane Street
New York
+$111M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$18.3M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
+$4.86M
4
SOS
Silver Oak Securities
Tennessee
+$1.89M
5
PCM
Prelude Capital Management
New York
+$1.62M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$29.5M
2
Simplex Trading
Simplex Trading
Illinois
-$4.44M
3
FC
Franchise Capital
Cayman Islands
-$4.38M
4
SCA
Sassicaia Capital Advisers
New York
-$4.02M
5
CTC (Chicago Trading Company)
CTC (Chicago Trading Company)
Illinois
-$3.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$170M -$29.5M -1,819,619 -15%
Jane Street
2
Jane Street
New York
$117M +$111M +6,869,156 New
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$70.9M +$18.3M +1,130,209 +37%
AA
4
Acorns Advisers
California
$35.4M -$186K -11,481 -0.5%
FA
5
Faithward Advisors
Pennsylvania
$13.4M -$283K -17,491 -2%
PA
6
Paragon Advisors
Texas
$12.3M -$315K -19,451 -3%
Point72 Asset Management
7
Point72 Asset Management
Connecticut
$5.09M +$4.86M +300,000 New
MWA
8
MFA Wealth Advisors
Pennsylvania
$3.48M +$49.7K +3,066 +2%
Barclays
9
Barclays
United Kingdom
$3.42M -$298K -18,400 -8%
SOS
10
Silver Oak Securities
Tennessee
$2.99M +$1.89M +116,442 +196%
AWM
11
AE Wealth Management
Kansas
$2.56M +$1.26M +77,835 +106%
IPW
12
Impact Partnership Wealth
Georgia
$2.48M +$2.37M +146,179 New
FAM
13
Forte Asset Management
New York
$2.45M -$31.6K -1,950 -1%
PWM
14
Pinnacle Wealth Management
California
$2.31M +$2.21M +136,330 New
IWM
15
IHT Wealth Management
Illinois
$1.92M +$1.91K +118 +0.1%
PCM
16
Prelude Capital Management
New York
$1.7M +$1.62M +100,000 New
Renaissance Technologies
17
Renaissance Technologies
New York
$1.53M +$1.46M +90,300 New
Financial Engines Advisors
18
Financial Engines Advisors
California
$1.52M +$95.3K +5,878 +7%
PWM
19
Perigon Wealth Management
California
$1.33M +$1.27M +78,450 New
DAS
20
Dynamic Advisor Solutions
Arizona
$1.2M +$406K +25,063 +55%
HighTower Advisors
21
HighTower Advisors
Illinois
$1.15M -$280K -17,301 -20%
Millennium Management
22
Millennium Management
New York
$1.13M +$48.6K +3,000 +5%
TIM
23
Total Investment Management
Arizona
$1.09M -$864K -53,338 -45%
Creative Planning
24
Creative Planning
Kansas
$1.03M +$13K +800 +1%
BSAM
25
Blue Square Asset Management
New York
$987K +$942K +58,145 New
1
2 3 4 5

BITO Hedge Fund Activity: Q2 2023 in Review

161 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2023, worth a combined $483M — up 24% from $388M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BITO positions and 21 closed out — a net gain of 11 holders — while 47 added to existing stakes and 38 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $111M. The largest seller was Goldman Sachs, cutting an estimated $29.5M.

  • 161 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2023, up from 151 in Q1 2023.
  • Funds reported $483M of ProShares Bitcoin Strategy ETF stock for Q2 2023, up 24% quarter-over-quarter.
  • 32 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2023 and 21 closed out, a net change of +11 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q2 2023 was Jane Street, an estimated $111M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q2 2023 was Goldman Sachs, an estimated $29.5M sold.

Based on aggregated 13F filings for Q2 2023.