2x Bitcoin ETF
BITX
31 hedge funds and large institutions have $78.1M invested in 2x Bitcoin ETF in 2024 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 3 reducing their positions, and 15 closing their positions.
333% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 3
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
3% less funds holding
Funds holding: 32 → 31 (-1)
4.28% less ownership
Funds ownership: 10.24% → 5.95% (-4.3%)
47% less call options, than puts
Call options by funds: $45M | Put options by funds: $84.3M
49% less capital invested
Capital invested by funds: $154M → $78.1M (-$75.6M)
100% less funds holding in top 10
Funds holding in top 10: 5 → 0 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$44.3M |
| 2 |
VF
Virtu Financial
New York
|
+$2.3M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$2.18M |
| 4 |
HWA
HHM Wealth Advisors
Chattanooga,
Tennessee
|
+$1.83M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$27.5M |
| 2 |
FC
Franchise Capital
Grand Cayman,
Cayman Islands
|
-$18.3M |
| 3 |
SVI
Strategic Vision Investment
Hong Kong
|
-$15.3M |
| 4 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
-$8.44M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
-$6.31M |
BITX Hedge Fund Activity: Q2 2024 in Review
31 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in 2x Bitcoin ETF (BITX) for Q2 2024, worth a combined $78.1M — down 49% from $154M a quarter earlier.
Fund positioning in BITX was balanced in Q2 2024: 15 funds opened new positions, 15 closed out, 13 added to existing stakes and 3 trimmed.
The largest buyer was Jane Street, adding an estimated $44.3M. The largest seller was Susquehanna International Group, cutting an estimated $27.5M.
- 31 institutional investors held 2x Bitcoin ETF (BITX) as of Q2 2024, down from 32 in Q1 2024.
- Funds reported $78.1M of 2x Bitcoin ETF stock for Q2 2024, down 49% quarter-over-quarter.
- 15 funds opened new 2x Bitcoin ETF positions in Q2 2024 and 15 closed out, a net change of 0 holders.
- The largest 2x Bitcoin ETF buyer in Q2 2024 was Jane Street, an estimated $44.3M added.
- The largest 2x Bitcoin ETF seller in Q2 2024 was Susquehanna International Group, an estimated $27.5M sold.
Based on aggregated 13F filings for Q2 2024.