ProShares Bitcoin Strategy ETF
BITO
198 hedge funds and large institutions have $484M invested in ProShares Bitcoin Strategy ETF in 2024 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 63 increasing their positions, 42 reducing their positions, and 37 closing their positions.
65% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 37
50% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 42
14% more call options, than puts
Call options by funds: $346M | Put options by funds: $303M
13% more funds holding
Funds holding: 176 → 198 (+22)
7% more capital invested
Capital invested by funds: $453M → $484M (+$31.5M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
2.99% less ownership
Funds ownership: 24.26% → 21.27% (-3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$70.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$12.2M |
| 3 |
SSG
Summit Securities Group
New York
|
+$6.57M |
| 4 |
SNT
SIG North Trading
Bala Cynwyd,
Pennsylvania
|
+$6.21M |
| 5 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$4.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMF
RK Capital Management (Florida)
Weston,
Florida
|
-$58.8M |
| 2 |
Jane Street
New York
|
-$39.4M |
| 3 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$13.4M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.02M |
| 5 |
PCM
Prelude Capital Management
New York
|
-$5.97M |
BITO Hedge Fund Activity: Q4 2024 in Review
198 of the 7,607 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q4 2024, worth a combined $484M — up 7% from $453M a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new BITO positions and 37 closed out — a net gain of 24 holders — while 63 added to existing stakes and 42 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $70.6M. The largest seller was RK Capital Management (Florida), exiting entirely with an estimated $58.8M sold.
- 198 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q4 2024, up from 176 in Q3 2024.
- Funds reported $484M of ProShares Bitcoin Strategy ETF stock for Q4 2024, up 7% quarter-over-quarter.
- 61 funds opened new ProShares Bitcoin Strategy ETF positions in Q4 2024 and 37 closed out, a net change of +24 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q4 2024 was Goldman Sachs, an estimated $70.6M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q4 2024 was RK Capital Management (Florida), an estimated $58.8M sold.
Based on aggregated 13F filings for Q4 2024.