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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
5
Holders Change
+3
Holders Change %
+150%
% of All Funds
0.08%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
–
Reduced
1
Closed
1
Calls
$1.91M
Puts
$283K
Net Calls
+$1.63M
Net Calls Change
+$1.63M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$471K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$423K
3
Belvedere Trading
Belvedere Trading
Illinois
+$76K
4
CG
Cutler Group
California
+$11.4K

Top Sellers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
-$829K
2
UBS Group
UBS Group
Switzerland
-$66K

BITX Hedge Fund Activity: Q3 2023 in Review

5 of the 6,310 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.