ProShares Bitcoin Strategy ETF
BITO
190 hedge funds and large institutions have $369M invested in ProShares Bitcoin Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 76 increasing their positions, 41 reducing their positions, and 26 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 41
65% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 26
9% more funds holding
Funds holding: 175 → 190 (+15)
8% more capital invested
Capital invested by funds: $341M → $369M (+$27M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1.11% less ownership
Funds ownership: 15.78% → 14.67% (-1.1%)
55% less call options, than puts
Call options by funds: $80.1M | Put options by funds: $178M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$36M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$19.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$14.6M |
| 4 |
RCMF
RK Capital Management (Florida)
Weston,
Florida
|
+$9.95M |
| 5 |
FCG
Fielder Capital Group
Nashville,
Tennessee
|
+$9.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$136M |
| 2 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$4.43M |
| 3 |
Group One Trading
Chicago,
Illinois
|
-$4.01M |
| 4 |
SNT
SIG North Trading
Bala Cynwyd,
Pennsylvania
|
-$2.67M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$2.54M |
BITO Hedge Fund Activity: Q2 2025 in Review
190 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ProShares Bitcoin Strategy ETF (BITO) for Q2 2025, worth a combined $369M — up 7.9% from $341M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new BITO positions and 26 closed out — a net gain of 17 holders — while 76 added to existing stakes and 41 trimmed.
The largest buyer was Jane Street, adding an estimated $36M. The largest seller was Goldman Sachs, cutting an estimated $136M.
- 190 institutional investors held ProShares Bitcoin Strategy ETF (BITO) as of Q2 2025, up from 175 in Q1 2025.
- Funds reported $369M of ProShares Bitcoin Strategy ETF stock for Q2 2025, up 7.9% quarter-over-quarter.
- 43 funds opened new ProShares Bitcoin Strategy ETF positions in Q2 2025 and 26 closed out, a net change of +17 holders.
- The largest ProShares Bitcoin Strategy ETF buyer in Q2 2025 was Jane Street, an estimated $36M added.
- The largest ProShares Bitcoin Strategy ETF seller in Q2 2025 was Goldman Sachs, an estimated $136M sold.
Based on aggregated 13F filings for Q2 2025.