2x Bitcoin ETF
BITX
5 hedge funds and large institutions have $872K invested in 2x Bitcoin ETF in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, increasing their positions, 1 reducing their positions, and 1 closing their positions.
576% more call options, than puts
Call options by funds: $1.91M | Put options by funds: $283K
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
150% more funds holding
Funds holding: 2 → 5 (+3)
7% less capital invested
Capital invested by funds: $937K → $872K (-$64.8K)
24.08% less ownership
Funds ownership: 27.16% → 3.07% (-24%)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$471K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$423K |
| 3 |
Belvedere Trading
Chicago,
Illinois
|
+$76K |
| 4 |
CG
Cutler Group
San Francisco,
California
|
+$11.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$829K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$66K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Citadel Advisors
Miami,
Florida
| $410K | +$471K | +38,518 | New |
|
|
2
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $368K | +$423K | +34,591 | New |
|
|
3
Belvedere Trading
Chicago,
Illinois
| $66.1K | +$76K | +6,216 | New |
|
|
4
UBS Group
Zurich,
Switzerland
| $19K | -$66K | -5,399 | -75% |
|
|
CG
5
Cutler Group
San Francisco,
California
| $9K | +$11.4K | +931 | New |
|
|
6
IMC Chicago
Chicago,
Illinois
| – | -$829K | -55,269 | Closed |
|
BITX Hedge Fund Activity: Q3 2023 in Review
5 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in 2x Bitcoin ETF (BITX) for Q3 2023, worth a combined $872K — down 6.9% from $937K a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BITX positions and 1 closed out — a net gain of 3 holders — while 0 added to existing stakes and 1 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $471K. The largest seller was IMC Chicago, exiting entirely with an estimated $829K sold.
- 5 institutional investors held 2x Bitcoin ETF (BITX) as of Q3 2023, up from 2 in Q2 2023.
- Funds reported $872K of 2x Bitcoin ETF stock for Q3 2023, down 6.9% quarter-over-quarter.
- 4 funds opened new 2x Bitcoin ETF positions in Q3 2023 and 1 closed out, a net change of +3 holders.
- The largest 2x Bitcoin ETF buyer in Q3 2023 was Citadel Advisors, an estimated $471K added.
- The largest 2x Bitcoin ETF seller in Q3 2023 was IMC Chicago, an estimated $829K sold.
Based on aggregated 13F filings for Q3 2023.