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ProShares Bitcoin Strategy ETF
BITO

189 hedge funds and large institutions have $771M invested in ProShares Bitcoin Strategy ETF in 2023 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 52 increasing their positions, 36 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more capital invested

Capital invested by funds: $248M → $771M (+$522M)

165% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 23

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

44% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 36

24% more funds holding

Funds holding: 153 → 189 (+36)

20.81% more ownership

Funds ownership: 27.47% → 48.28% (+21%)

7% more call options, than puts

Call options by funds: $135M | Put options by funds: $126M

Holders
189
Holders Change
+36
Holders Change %
+23.53%
% of All Funds
2.76%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
61
Increased
52
Reduced
36
Closed
23
Calls
$135M
Puts
$126M
Net Calls
+$9.38M
Net Calls Change
-$23.2M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$101M
2
AIM
ARK Investment Management
Florida
+$82.3M
3
Jane Street
Jane Street
New York
+$67.7M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$63.7M
5
Simplex Trading
Simplex Trading
Illinois
+$9.56M

Top Sellers

1
AA
Acorns Advisers
California
-$2.22M
2
TRCT
Tower Research Capital (TRC)
New York
-$2.2M
3
WAM
Weiss Asset Management
Massachusetts
-$1.96M
4
PWM
Pinnacle Wealth Management
California
-$1.84M
5
IPW
Impact Partnership Wealth
Georgia
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$218M +$101M +5,567,421 +110%
Jane Street
2
Jane Street
New York
$145M +$67.7M +3,742,731 +112%
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$103M +$63.7M +3,519,296 +234%
AIM
4
ARK Investment Management
Florida
$93.2M +$82.3M +4,549,207 New
AA
5
Acorns Advisers
California
$44.5M -$2.22M -122,741 -5%
FA
6
Faithward Advisors
Pennsylvania
$15.8M -$1.57M -86,519 -10%
PA
7
Paragon Advisors
Texas
$13.5M -$625K -34,539 -5%
Simplex Trading
8
Simplex Trading
Illinois
$12.2M +$9.56M +528,205 +771%
Citadel Advisors
9
Citadel Advisors
Florida
$9.81M +$8.66M +478,578 New
WA
10
Whitebox Advisors
Minnesota
$7.78M +$6.87M +379,825 New
TF
11
Trek Financial
Arizona
$7.41M +$6.54M +361,483 New
AWM
12
AE Wealth Management
Kansas
$7.35M +$3.35M +184,968 +104%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$5.85M +$2.34M +129,161 +83%
TIM
14
Total Investment Management
Arizona
$4.42M +$2.48M +136,819 +173%
MWA
15
MFA Wealth Advisors
Pennsylvania
$4.25M -$86.9K -4,801 -2%
Barclays
16
Barclays
United Kingdom
$3.92M -$1.33M -73,671 -28%
RCMF
17
RK Capital Management (Florida)
Florida
$3.86M +$3.4M +188,200 New
Morgan Stanley
18
Morgan Stanley
New York
$3.27M +$2.88M +159,411 +5,313,700%
Osaic Holdings
19
Osaic Holdings
Arizona
$2.65M +$2.3M +126,852 +4,739%
IWM
20
IHT Wealth Management
Illinois
$2.4M +$51.6K +2,851 +2%
Financial Engines Advisors
21
Financial Engines Advisors
California
$1.99M -$37.9K -2,096 -2%
FAM
22
Forte Asset Management
New York
$1.96M -$1.25M -69,075 -42%
Belvedere Trading
23
Belvedere Trading
Illinois
$1.94M +$837K +46,255 +96%
HighTower Advisors
24
HighTower Advisors
Illinois
$1.9M +$353K +19,519 +27%
SOS
25
Silver Oak Securities
Tennessee
$1.88M +$1.57M +86,602 +1,684%
1
2 3 4 5

BITO Hedge Fund Activity: Q4 2023 in Review

189 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2023, worth a combined $771M — up 210% from $248M a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new BITO positions and 23 closed out — a net gain of 38 holders — while 52 added to existing stakes and 36 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $101M. The largest seller was Acorns Advisers, cutting an estimated $2.22M.

  • 189 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2023, up from 153 in Q3 2023.
  • Funds reported $771M of ProShares Bitcoin Strategy ETF stock for Q4 2023, up 210% quarter-over-quarter.
  • 61 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2023 and 23 closed out, a net change of +38 holders.
  • The largest ProShares Bitcoin Strategy ETF buyer in Q4 2023 was Goldman Sachs, an estimated $101M added.
  • The largest ProShares Bitcoin Strategy ETF seller in Q4 2023 was Acorns Advisers, an estimated $2.22M sold.

Based on aggregated 13F filings for Q4 2023.