ProShares UltraShort Bitcoin ETF
SBIT
15 hedge funds and large institutions have $18.3M invested in ProShares UltraShort Bitcoin ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 4 closing their positions.
332% more capital invested
Capital invested by funds: $4.23M → $18.3M (+$14M)
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
88% more funds holding
Funds holding: 8 → 15 (+7)
8.08% more ownership
Funds ownership: 6.05% → 14.13% (+8.1%)
42% less call options, than puts
Call options by funds: $20.4M | Put options by funds: $35.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFIM
Client First Investment Management
West Bend,
Wisconsin
|
+$3.58M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$1.98M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.87M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.83M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$1.4M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
-$1.23M |
| 3 |
HCM
Hudson Capital Management
Ramsey,
New Jersey
|
-$317K |
| 4 |
GTAM
Global Trust Asset Management
West Palm Beach,
Florida
|
-$43.6K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$6.47K |
SBIT Hedge Fund Activity: Q4 2025 in Review
15 of the 8,275 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Bitcoin ETF (SBIT) for Q4 2025, worth a combined $18.3M — up 332% from $4.23M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SBIT positions and 4 closed out — a net gain of 7 holders — while 2 added to existing stakes and 1 trimmed.
The largest buyer was Client First Investment Management, opening a new position worth an estimated $3.58M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $1.4M sold.
- 15 institutional investors held ProShares UltraShort Bitcoin ETF (SBIT) as of Q4 2025, up from 8 in Q3 2025.
- Funds reported $18.3M of ProShares UltraShort Bitcoin ETF stock for Q4 2025, up 332% quarter-over-quarter.
- 11 funds opened new ProShares UltraShort Bitcoin ETF positions in Q4 2025 and 4 closed out, a net change of +7 holders.
- The largest ProShares UltraShort Bitcoin ETF buyer in Q4 2025 was Client First Investment Management, an estimated $3.58M added.
- The largest ProShares UltraShort Bitcoin ETF seller in Q4 2025 was Renaissance Technologies, an estimated $1.4M sold.
Based on aggregated 13F filings for Q4 2025.