2x Bitcoin ETF
BITX
35 hedge funds and large institutions have $84.9M invested in 2x Bitcoin ETF in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 7 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
13% more funds holding
Funds holding: 31 → 35 (+4)
12% more call options, than puts
Call options by funds: $102M | Put options by funds: $91.9M
9% more capital invested
Capital invested by funds: $78.1M → $84.9M (+$6.79M)
0.68% less ownership
Funds ownership: 5.95% → 5.27% (-0.68%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$11.2M |
| 2 |
Jane Street
New York
|
+$5.59M |
| 3 |
KWA
Kingswood Wealth Advisors
San Diego,
California
|
+$1.64M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$621K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$584K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$2M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$1.56M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$1.11M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$606K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$397K |
BITX Hedge Fund Activity: Q3 2024 in Review
35 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in 2x Bitcoin ETF (BITX) for Q3 2024, worth a combined $84.9M — up 8.7% from $78.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BITX positions and 7 closed out — a net gain of 4 holders — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $11.2M. The largest seller was Virtu Financial, exiting entirely with an estimated $2M sold.
- 35 institutional investors held 2x Bitcoin ETF (BITX) as of Q3 2024, up from 31 in Q2 2024.
- Funds reported $84.9M of 2x Bitcoin ETF stock for Q3 2024, up 8.7% quarter-over-quarter.
- 11 funds opened new 2x Bitcoin ETF positions in Q3 2024 and 7 closed out, a net change of +4 holders.
- The largest 2x Bitcoin ETF buyer in Q3 2024 was Susquehanna International Group, an estimated $11.2M added.
- The largest 2x Bitcoin ETF seller in Q3 2024 was Virtu Financial, an estimated $2M sold.
Based on aggregated 13F filings for Q3 2024.