2x Bitcoin ETF
BITX
32 hedge funds and large institutions have $154M invested in 2x Bitcoin ETF in 2024 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 3 closing their positions.
1,122% more capital invested
Capital invested by funds: $12.6M → $154M (+$141M)
567% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 3
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
113% more funds holding
Funds holding: 15 → 32 (+17)
2.78% more ownership
Funds ownership: 7.45% → 10.24% (+2.8%)
18% less call options, than puts
Call options by funds: $64.2M | Put options by funds: $78.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$22.5M |
| 2 |
FC
Franchise Capital
Grand Cayman,
Cayman Islands
|
+$11.9M |
| 3 |
Jane Street
New York
|
+$10.9M |
| 4 |
SVI
Strategic Vision Investment
Hong Kong
|
+$9.97M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
+$8.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
-$1.33M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$646K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$71.5K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$53.1K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$15.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Wolverine Trading
Chicago,
Illinois
| $273K | -$1.33M | -38,448 | -88% |
|
|
GS
27
GTS Securities
New York
| $268K | +$174K | +5,025 | New |
|
28
Cerity Partners
New York
| $258K | +$167K | +4,837 | New |
|
|
VF
29
VitalStone Financial
Shavano Park,
Texas
| $84K | +$32K | +925 | +142% |
|
|
HT
30
Headlands Technologies
Chicago,
Illinois
| $54.6K | +$35.5K | +1,025 | New |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $14.9K | +$9.69K | +280 | New |
|
|
TFM
32
TFC Financial Management
Boston,
Massachusetts
| $213 | +$138 | +4 | New |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$71.5K | -3,140 | Closed |
|
|
34
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$15.8K | -695 | Closed |
|
35
UBS Group
Zurich,
Switzerland
| – | -$2.09K | -92 | Closed |
|
BITX Hedge Fund Activity: Q1 2024 in Review
32 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in 2x Bitcoin ETF (BITX) for Q1 2024, worth a combined $154M — up 1,122% from $12.6M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BITX positions and 3 closed out — a net gain of 17 holders — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $22.5M. The largest seller was Wolverine Trading, cutting an estimated $1.33M.
- 32 institutional investors held 2x Bitcoin ETF (BITX) as of Q1 2024, up from 15 in Q4 2023.
- Funds reported $154M of 2x Bitcoin ETF stock for Q1 2024, up 1,122% quarter-over-quarter.
- 20 funds opened new 2x Bitcoin ETF positions in Q1 2024 and 3 closed out, a net change of +17 holders.
- The largest 2x Bitcoin ETF buyer in Q1 2024 was Susquehanna International Group, an estimated $22.5M added.
- The largest 2x Bitcoin ETF seller in Q1 2024 was Wolverine Trading, an estimated $1.33M sold.
Based on aggregated 13F filings for Q1 2024.