Vault-13

PROSHARES TR BITO

BITCOIN STRATE · ETP · CUSIP 74347G440 · ISIN US74347G4405

180 institutional holders -20 vs Q4 2024
18,661,81518.7m shares reported held*
$343.3mreported value*
31 new 70 added 41 reduced 50 sold out net sold ≈ $41.4m (-2.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $18.40. Options: 9 managers hold calls ($106.3m notional), 13 hold puts ($150.3m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 160Q4 22: 159Q1 23: 153Q2 23: 163Q3 23: 155Q4 23: 193Q1 24: 203Q2 24: 188Q3 24: 178Q4 24: 200Q1 25: 180180Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022160
Q4 2022159
Q1 2023153
Q2 2023163
Q3 2023155
Q4 2023193
Q1 2024203
Q2 2024188
Q3 2024178
Q4 2024200
Q1 2025180

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q2 23: 77 bought or addedQ2 23: 59 cut or sold outQ3 23: 68 bought or addedQ3 23: 66 cut or sold outQ3 23Q4 23: 106 bought or addedQ4 23: 59 cut or sold outQ1 24: 104 bought or addedQ1 24: 120 cut or sold outQ1 24Q2 24: 88 bought or addedQ2 24: 98 cut or sold outQ3 24: 91 bought or addedQ3 24: 81 cut or sold outQ3 24Q4 24: 108 bought or addedQ4 24: 80 cut or sold outQ1 25: 101 bought or addedQ1 25: 91 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20237759
Q3 20236866
Q4 202310659
Q1 2024104120
Q2 20248898
Q3 20249181
Q4 202410880
Q1 202510191

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300m$400mQ2 24 calls: $140.1mQ2 24 puts: $150.3mQ2 24P/C 1.07Q3 24 calls: $369.3mQ3 24 puts: $304.3mQ3 24P/C 0.82Q4 24 calls: $345.6mQ4 24 puts: $303.4mQ4 24P/C 0.88Q1 25 calls: $106.3mQ1 25 puts: $150.3mQ1 25P/C 1.41
Numbers
QuarterCallsPutsP/C
Q2 2024$140.1m$150.3m1.07
Q3 2024$369.3m$304.3m0.82
Q4 2024$345.6m$303.4m0.88
Q1 2025$106.3m$150.3m1.41

Biggest buyers

GOLDMAN SACHS GROUP INC Added +4,939,205+4.9m
Acorns Advisers, LLC Added +511,032+511.0k
RK Capital Management, LLC/FL New +351,380+351.4k
GROUP ONE TRADING LLC New +218,856+218.9k
SIMPLEX TRADING, LLC New +138,514+138.5k
NATIXIS Added +104,097+104.1k
Walleye Trading LLC New +73,589+73.6k
Tidal Investments LLC Added +70,576+70.6k
CMT Capital Markets Trading GmbH New +50,150+50.1k
Dynamic Advisor Solutions LLC Added +49,927+49.9k

Biggest sellers

JANE STREET GROUP, LLC Reduced -4,401,419-4.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -2,380,515-2.4m
CITADEL ADVISORS LLC Sold out -1,046,879-1.0m
SUMMIT SECURITIES GROUP LLC Reduced -310,098-310.1k
Belvedere Trading LLC Sold out -183,775-183.8k
IMC-Chicago, LLC Sold out -116,735-116.7k
Proficio Capital Partners LLC Reduced -89,430-89.4k
SIG North Trading, ULC Reduced -75,613-75.6k
Tower Research Capital LLC (TRC) Sold out -67,061-67.1k
IHT Wealth Management, LLC Reduced -63,499-63.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $50.9m2.8m shares
CITADEL ADVISORS LLC Reduced $28.1m1.5m shares
JANE STREET GROUP, LLC Reduced $12.6m689.3k shares
WOLVERINE TRADING, LLC Reduced $7.6m409.0k shares
Greenland Capital Management LP New $3.7m200.0k shares
Belvedere Trading LLC Added $1.9m103.2k shares
Walleye Trading LLC Reduced $960.0k52.4k shares
Parallax Volatility Advisers, L.P. Added $492.8k26.9k shares
Legacy Wealth Managment, LLC/ID Added $5.5k300 shares

Biggest puts

Graham Capital Management, L.P. Reduced $45.8m2.5m shares
CITADEL ADVISORS LLC Reduced $41.8m2.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $19.4m1.1m shares
JANE STREET GROUP, LLC Reduced $17.0m928.2k shares
Balyasny Asset Management L.P. Reduced $15.0m819.1k shares
WOLVERINE TRADING, LLC Reduced $5.6m302.0k shares
Galaxy Digital Capital Management GP LLC New $2.7m145.8k shares
Walleye Trading LLC Reduced $2.5m133.8k shares
Belvedere Trading LLC Reduced $430.5k23.5k shares
Parallax Volatility Advisers, L.P. Reduced $80.6k4.4k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 8,168,8338.2m $149.7m $149.7m 0.03% Added +4.9m +4,939,205
2 Acorns Advisers, LLC 0.64% of their portfolio IRVINE, CA 3,670,1473.7m $67.2m $67.2m 0.64% Added +511.0k +511,032
3 Faithward Advisors, LLC 2.43% of their portfolio LANCASTER, PA 762,280762.3k $14.0m $14.0m 2.43% Reduced -10.4k -10,374
4 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 753,359753.4k $13.8m $13.8m 0.02% Reduced -4.4m -4,401,419
5 Legacy Wealth Managment, LLC/ID 6.80% of their portfolio BOISE, ID 511,137511.1k $9.4m $9.4m 6.80% Reduced -1.8k -1,829
6 RK Capital Management, LLC/FL 3.06% of their portfolio Weston, FL 351,380351.4k $6.4m $6.4m 3.06% New
7 Tidal Investments LLC 0.04% of their portfolio Milwaukee, WI 275,714275.7k $5.0m $5.0m 0.04% Added +70.6k +70,576
8 Proficio Capital Partners LLC 0.40% of their portfolio NEWTON, MA 227,575227.6k $5.1m $5.1m 0.40% Reduced -89.4k -89,430
9 GROUP ONE TRADING LLC 0.17% of their portfolio CHICAGO, IL 218,856218.9k $4.0m $4.0m 0.17% New
10 BLUEFIN CAPITAL MANAGEMENT, LLC 3.16% of their portfolio NEW YORK, NY 215,000215.0k $3.9m $3.9m 3.16% First filing
11 SIG North Trading, ULC 0.76% of their portfolio Bala Cynwyd, PA 204,270204.3k $3.7m $3.7m 0.76% Reduced -75.6k -75,613
12 MFA WEALTH ADVISORS, LLC 0.92% of their portfolio PITTSBURGH, PA 203,927203.9k $3.7m $3.7m 0.92% Added +1.4k +1,386
13 Quinn Opportunity Partners LLC 0.21% of their portfolio CHARLOTTESVILLE, VA 165,000165.0k $3.0m $3.0m 0.21% Unchanged
14 WOLVERINE TRADING, LLC 0.09% of their portfolio CHICAGO, IL 155,727155.7k $2.9m $2.9m 0.09% Reduced -29.2k -29,237
15 Realta Investment Advisors 1.21% of their portfolio WILMINGTON, DE 144,672144.7k $2.7m $2.7m 1.21% Added +42.2k +42,233
16 SIMPLEX TRADING, LLC 0.09% of their portfolio CHICAGO, IL 138,514138.5k $2.5m $2.5m 0.09% New
17 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 134,427134.4k $2.5m $2.5m 0.01% Added +25.1k +25,064
18 Dynamic Advisor Solutions LLC 0.08% of their portfolio PHOENIX, AZ 128,310128.3k $2.4m $2.4m 0.08% Added +49.9k +49,927
19 NATIXIS 0.01% of their portfolio PARIS, I0 106,185106.2k $2.0m $2.0m 0.01% Added +104.1k +104,097
20 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 99,39299.4k $1.8m $1.8m 0.01% Added +17.3k +17,337
21 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 86,99887.0k $1.8m $1.8m 0.01% Added +43.3k +43,317
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 75,21675.2k $1.4m $1.4m 0.00% Added +8.7k +8,727
23 Walleye Trading LLC 0.04% of their portfolio NEW YORK, NY 73,58973.6k $1.3m $1.3m 0.04% New
24 SUMMIT SECURITIES GROUP LLC 0.78% of their portfolio NEW YORK, NY 61,40061.4k $1.1m $1.1m 0.78% Reduced -310.1k -310,098
25 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 60,06560.1k $1.1m $1.1m 0.00% Added +30.6k +30,634
26 VISION FINANCIAL MARKETS LLC 1.14% of their portfolio STAMFORD, CT 57,11757.1k $1.0m $1.0m 1.14% Added +40.9k +40,915
27 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 55,62955.6k $1.0m $1.0m 0.00% Added +600 +600
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 51,23051.2k $938.5k $938.5k 0.00% Reduced -27 -27
29 CMT Capital Markets Trading GmbH 0.38% of their portfolio CHICAGO, IL 50,15050.1k $919.0k $919.0k 0.38% New
30 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 49,02249.0k $898.1k $898.1k 0.02% New
31 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 45,72245.7k $837.6k $837.6k 0.00% Reduced -5.0k -5,038
32 Atlantic Union Bankshares Corp 0.05% of their portfolio GLEN ALLEN, VA 45,19145.2k $827.9k $827.9k 0.05% Unchanged
33 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 43,31743.3k $793.6k $793.6k 0.01% Reduced -364 -364
34 PFG Investments, LLC 0.05% of their portfolio WOODBURY, NY 43,06643.1k $789.0k $789.0k 0.05% Added +16.2k +16,221
35 B. Riley Wealth Advisors, Inc. 0.02% of their portfolio MEMPHIS, TN 42,16442.2k $772.4k $772.4k 0.02% New
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 41,61941.6k $762.5k $762.5k 0.00% Added +19.0k +18,993
37 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 39,97540.0k $732.3k $732.3k 0.02% Reduced -63.5k -63,499
38 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 38,51338.5k $705.6k $705.6k 0.03% Added +3.9k +3,921
39 TCFG WEALTH MANAGEMENT, LLC 0.35% of their portfolio LAGUNA NIGUEL, CA 38,37038.4k $702.9k $702.9k 0.35% Added +397 +397
40 Stegent Equity Advisors, Inc. 0.69% of their portfolio HOUSTON, TX 37,09737.1k $679.6k $679.6k 0.69% Reduced -514 -514
41 Perigon Wealth Management, LLC 0.02% of their portfolio SAN FRANCISCO, CA 36,27436.3k $664.5k $664.5k 0.02% Reduced -910 -910
42 Triumph Capital Management 0.21% of their portfolio DENVER, CO 35,22335.2k $645.3k $645.3k 0.21% Added +5.8k +5,756
43 Prosperity Wealth Management, Inc. 0.28% of their portfolio San Ramon, CA 32,66332.7k $598.4k $598.4k 0.28% Reduced -42 -42
44 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 29,23529.2k $535.6k $535.6k 0.00% Reduced -2.7k -2,670
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 28,83228.8k $528.2k $528.2k 0.00% Added +5.7k +5,676
46 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 28,47428.5k $522.0k $522.0k 0.02% Added +17.7k +17,700
47 CX Institutional 0.02% of their portfolio AUBURN, IN 28,42228.4k $521.0k $521.0k 0.02% Added +8.7k +8,678
48 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 28,00028.0k $513.0k $513.0k 0.00% Reduced -32.9k -32,925
49 Claris Financial LLC 0.42% of their portfolio GLEN ALLEN, VA 27,72727.7k $631.6k $631.6k 0.42% Unchanged
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 27,67927.7k $507.1k $507.1k 0.00% Reduced -49.9k -49,897
51 Marathon Trading Investment Management LLC 0.24% of their portfolio RADNOR, PA 24,40224.4k $447.0k $447.0k 0.24% Reduced -18.5k -18,500
52 Cannon Advisors, Inc. 0.39% of their portfolio CHARLOTTE, NC 23,40023.4k $428.7k $428.7k 0.39% Added +4.7k +4,679
53 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 23,28923.3k $426.6k $426.6k 0.00% Added +1.3k +1,339
54 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 22,04022.0k $403.9k $403.9k 0.00% Added +10.7k +10,658
55 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 22,01322.0k $403.3k $403.3k 0.00% Added +858 +858
56 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 19,81519.8k $466.0k $466.0k 0.00% Unchanged
57 Evolution Wealth Advisors, LLC 0.06% of their portfolio AVENTURA, FL 18,98219.0k $347.8k $347.8k 0.06% Unchanged
58 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 17,77017.8k $325.6k $325.6k 0.00% Added +8.5k +8,516
59 MEANS INVESTMENT CO., INC. 0.03% of their portfolio BANGOR, ME 17,16917.2k $314.5k $314.5k 0.03% Reduced -1.3k -1,311
60 Wealth Management Nebraska 0.05% of their portfolio Norfolk, NE 16,62716.6k $304.6k $304.6k 0.05% Added +1.3k +1,315
61 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 16,59316.6k $304.0k $304.0k 0.01% New
62 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 16,21516.2k $297.1k $297.1k 0.00% Added +4.6k +4,578
63 HOEY INVESTMENTS, INC 0.06% of their portfolio COATESVILLE, PA 16,12416.1k $295.4k $295.4k 0.06% Added +3.0k +3,000
64 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 15,66315.7k $286.9k $286.9k 0.00% New
65 United Capital Management of KS, Inc. 0.06% of their portfolio SALINA, KS 15,41915.4k $282.5k $282.5k 0.06% Added +835 +835
66 JEPPSON WEALTH MANAGEMENT, LLC 0.10% of their portfolio MANHATTAN BEACH, CA 15,26315.3k $279.6k $279.6k 0.10% Added +2.2k +2,247
67 TWO SIGMA SECURITIES, LLC 0.04% of their portfolio NEW YORK, NY 15,03315.0k $275.4k $275.4k 0.04% New
68 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 15,00015.0k $275.0k $275.0k 0.00% Unchanged
69 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 14,98115.0k $274.0k $274.0k 0.00% Added +1.0k +1,027
70 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 14,76814.8k $270.6k $270.6k 0.00% New
71 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 14,75314.8k $270.3k $270.3k 0.00% Added +1.3k +1,264
72 Interchange Capital Partners, LLC 0.07% of their portfolio PITTSBURGH, PA 14,20314.2k $260.2k $260.2k 0.07% Added +584 +584
73 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 14,20314.2k $260.2k $260.2k 0.01% Added +4.1k +4,132
74 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,91313.9k $254.9k $254.9k 0.00% Added +4.9k +4,881
75 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 13,69213.7k $250.8k $250.8k 0.00% Added +8.2k +8,218
76 Grant Private Wealth Management Inc 0.26% of their portfolio PLEASANTON, CA 13,31613.3k $243.9k $243.9k 0.26% Added +600 +600
77 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 13,31013.3k $243.8k $243.8k 0.00% New
78 Davies Financial Advisors, Inc. 0.21% of their portfolio MURRIETA, CA 13,30913.3k $243.8k $243.8k 0.21% New
79 SANDERS MORRIS HARRIS LLC 0.04% of their portfolio Houston, TX 12,71612.7k $235.1k $235.1k 0.04% Unchanged
80 Independent Wealth Network Inc. 0.09% of their portfolio URBANDALE, IA 12,07612.1k $221.2k $221.2k 0.09% New
81 INTEGRITY WEALTH ADVISORS, INC. 0.16% of their portfolio Ventura, CA 12,00012.0k $219.8k $219.8k 0.16% Reduced -1.0k -1,000
82 Consolidated Portfolio Review Corp 0.04% of their portfolio WOODBURY, NY 11,95912.0k $219.1k $219.1k 0.04% Reduced -1.6k -1,626
83 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 11,53711.5k $211.4k $211.4k 0.00% New
84 Paragon Private Wealth Management, LLC 0.10% of their portfolio LEXINGTON, KY 11,24711.2k $206.0k $206.0k 0.10% Added +77 +77
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,03811.0k $202.2k $202.2k 0.00% Reduced -2.4m -2,380,515
86 McIlrath & Eck, LLC 0.02% of their portfolio ARLINGTON, WA 10,95211.0k $200.6k $200.6k 0.02% Added +10.5k +10,488
87 FOUNDERS FINANCIAL SECURITIES LLC 0.02% of their portfolio TOWSON, MD 10,70510.7k $220.6k $220.6k 0.02% New
88 Kings Path Partners LLC 0.09% of their portfolio SUGAR LAND, TX 10,00010.0k $183.2k $183.2k 0.09% Added +5.0k +5,000
89 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 9,2809.3k $170.0k $170.0k 0.00% Added +547 +547
90 Arax Advisory Partners 0.01% of their portfolio NEW YORK, NY 7,5007.5k $137.4k $137.4k 0.01% New
91 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 6,8006.8k $124.6k $124.6k 0.00% New
92 CWM, LLC 0.00% of their portfolio OMAHA, NE 5,6045.6k $103.0k $103.0k 0.00% Added +1.3k +1,294
93 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 4,9835.0k $91.3k $91.3k 0.00% Reduced -815 -815
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,1074.1k $75.3k $75.3k 0.00% Added +654 +654
95 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,8943.9k $79.4k $79.4k 0.00% Reduced -159 -159
96 Ascentis Wealth Management, LLC 0.02% of their portfolio DALLAS, TX 3,5793.6k $66.2k $66.2k 0.02% Reduced -55 -55
97 Headlands Technologies LLC 0.01% of their portfolio CHICAGO, IL 3,4183.4k $62.6k $62.6k 0.01% Added +2.7k +2,689
98 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,1523.2k $57.8k $57.8k 0.00% Added +208 +208
99 Migdal Insurance & Financial Holdings Ltd. 0.00% of their portfolio Petach Tikva, L3 2,6892.7k $49.0k $49.0k 0.00% Added +2.5k +2,547
100 Hexagon Capital Partners LLC 0.01% of their portfolio ROGERS, AR 2,6502.6k $48.5k $48.5k 0.01% Added +200 +200