ProShares Ultra Bitcoin ETF
BITU
26 hedge funds and large institutions have $22.6M invested in ProShares Ultra Bitcoin ETF in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 7 closing their positions.
84% more call options, than puts
Call options by funds: $24.6M | Put options by funds: $13.4M
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
0.89% less ownership
Funds ownership: 2.84% → 1.96% (-0.89%)
4% less funds holding
Funds holding: 27 → 26 (-1)
32% less capital invested
Capital invested by funds: $33.1M → $22.6M (-$10.5M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.48M |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$1.28M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.19M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
+$711K |
| 5 |
MW
MBL Wealth
Charlotte,
North Carolina
|
+$531K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QFMHK
Q Fund Management (Hong Kong)
Hong Kong,
|
-$14.6M |
| 2 |
CFIM
Client First Investment Management
West Bend,
Wisconsin
|
-$818K |
| 3 |
Jane Street
New York
|
-$723K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$625K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$395K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $1.18K | +$1.23K | +22 | New |
|
|
CFIM
27
Client First Investment Management
West Bend,
Wisconsin
| – | -$818K | -15,813 | Closed |
|
|
28
Jane Street
New York
| – | -$723K | -12,923 | Closed |
|
|
FTUS
29
Flow Traders U.S.
New York
| – | -$625K | -12,073 | Closed |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$395K | -7,637 | Closed |
|
|
SWM
31
Spire Wealth Management
Mclean,
Virginia
| – | -$224K | -4,335 | Closed |
|
32
UBS Group
Zurich,
Switzerland
| – | -$19.9K | -385 | Closed |
|
|
HT
33
Headlands Technologies
Chicago,
Illinois
| – | -$10.3K | -200 | Closed |
|
BITU Hedge Fund Activity: Q3 2025 in Review
26 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra Bitcoin ETF (BITU) for Q3 2025, worth a combined $22.6M — down 32% from $33.1M a quarter earlier.
Fund positioning in BITU was balanced in Q3 2025: 7 funds opened new positions, 7 closed out, 11 added to existing stakes and 6 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $1.48M. The largest seller was Q Fund Management (Hong Kong), cutting an estimated $14.6M.
- 26 institutional investors held ProShares Ultra Bitcoin ETF (BITU) as of Q3 2025, down from 27 in Q2 2025.
- Funds reported $22.6M of ProShares Ultra Bitcoin ETF stock for Q3 2025, down 32% quarter-over-quarter.
- 7 funds opened new ProShares Ultra Bitcoin ETF positions in Q3 2025 and 7 closed out, a net change of 0 holders.
- The largest ProShares Ultra Bitcoin ETF buyer in Q3 2025 was Citadel Advisors, an estimated $1.48M added.
- The largest ProShares Ultra Bitcoin ETF seller in Q3 2025 was Q Fund Management (Hong Kong), an estimated $14.6M sold.
Based on aggregated 13F filings for Q3 2025.