Vault-13

PROSHARES TR BITO

BITCOIN STRATE · ETP · CUSIP 74347G440 · ISIN US74347G4405

195 institutional holders -15 vs Q1 2026
19,391,57719.4m shares reported held*
$155.2mreported value*
29 new 64 added 53 reduced 41 sold out net bought ≈ $21.6m (+2.7m 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 ($5.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.00. Options: 5 managers hold calls ($18.5m notional), 4 hold puts ($14.4m).

Trends to Q2 2026

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: 180Q2 25: 193Q3 25: 204Q4 25: 193Q1 26: 210Q2 26: 195195Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022160
Q4 2022159
Q1 2023153
Q2 2023163
Q3 2023155
Q4 2023193
Q1 2024203
Q2 2024188
Q3 2024178
Q4 2024200
Q1 2025180
Q2 2025193
Q3 2025204
Q4 2025193
Q1 2026210
Q2 2026195

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 91 bought or addedQ3 24: 81 cut or sold outQ4 24: 108 bought or addedQ4 24: 80 cut or sold outQ4 24Q1 25: 101 bought or addedQ1 25: 91 cut or sold outQ2 25: 116 bought or addedQ2 25: 67 cut or sold outQ2 25Q3 25: 123 bought or addedQ3 25: 70 cut or sold outQ4 25: 100 bought or addedQ4 25: 85 cut or sold outQ4 25Q1 26: 117 bought or addedQ1 26: 77 cut or sold outQ2 26: 93 bought or addedQ2 26: 94 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249181
Q4 202410880
Q1 202510191
Q2 202511667
Q3 202512370
Q4 202510085
Q1 202611777
Q2 20269394

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 25 calls: $54.0mQ3 25 puts: $148.0mQ3 25P/C 2.74Q4 25 calls: $38.0mQ4 25 puts: $60.5mQ4 25P/C 1.59Q1 26 calls: $20.5mQ1 26 puts: $17.7mQ1 26P/C 0.86Q2 26 calls: $18.5mQ2 26 puts: $14.4mQ2 26P/C 0.78
Numbers
QuarterCallsPutsP/C
Q3 2025$54.0m$148.0m2.74
Q4 2025$38.0m$60.5m1.59
Q1 2026$20.5m$17.7m0.86
Q2 2026$18.5m$14.4m0.78

Biggest buyers

Acorns Advisers, LLC Added +1,392,921+1.4m
IMC-Chicago, LLC New +1,281,050+1.3m
RENAISSANCE TECHNOLOGIES LLC New +796,502+796.5k
HighTower Advisors, LLC Added +332,162+332.2k
JANE STREET GROUP, LLC New +289,098+289.1k
CITADEL ADVISORS LLC Added +271,615+271.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +197,871+197.9k
MFA WEALTH ADVISORS, LLC Added +197,121+197.1k
Quadrature Capital Ltd Added +170,365+170.4k
Edgestream Partners, L.P. New +132,758+132.8k

Biggest sellers

GOLDMAN SACHS GROUP INC Sold out -1,361,837-1.4m
Tidal Investments LLC Reduced -575,000-575.0k
Cambridge Investment Research Advisors, Inc. Reduced -154,887-154.9k
Legacy Wealth Managment, LLC/ID Reduced -130,260-130.3k
SIMPLEX TRADING, LLC Sold out -116,295-116.3k
LFG Wealth Partners, LLC Sold out -71,693-71.7k
TWO SIGMA SECURITIES, LLC Reduced -66,666-66.7k
RK Capital Management, LLC/FL Sold out -48,582-48.6k
OLD MISSION CAPITAL LLC Reduced -47,314-47.3k
B. Riley Wealth Advisors, Inc. Sold out -45,536-45.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.9m1.1m shares
CITADEL ADVISORS LLC Reduced $6.1m764.0k shares
JANE STREET GROUP, LLC Reduced $2.6m329.1k shares
Advisory Services Network, LLC New $670.3k84.0k shares
Walleye Trading LLC Reduced $268.1k33.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.9m741.3k shares
JANE STREET GROUP, LLC Reduced $5.5m684.6k shares
CITADEL ADVISORS LLC Reduced $1.9m238.0k shares
Walleye Trading LLC Reduced $1.1m137.5k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Acorns Advisers, LLC 0.48% of their portfolio IRVINE, CA 9,189,0169.2m $73.3m $73.3m 0.48% Added +1.4m +1,392,921
2 IMC-Chicago, LLC 0.09% of their portfolio CHICAGO, IL 1,281,0501.3m $10.2m $10.2m 0.09% New
3 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 796,502796.5k $6.4m $6.4m 0.01% New
4 Fielder Capital Group LLC 1.08% of their portfolio NASHVILLE, TN 626,960627.0k $5.0m $5.0m 1.08% Added +2.3k +2,347
5 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 605,000605.0k $4.8m $4.8m 0.01% Reduced -575.0k -575,000
6 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 596,973597.0k $4.8m $4.8m 0.01% Added +89.2k +89,150
7 GROUP ONE TRADING LLC 0.12% of their portfolio CHICAGO, IL 542,268542.3k $4.3m $4.3m 0.12% Added +82.0k +81,979
8 MFA WEALTH ADVISORS, LLC 0.70% of their portfolio PITTSBURGH, PA 511,882511.9k $4.1m $4.1m 0.70% Added +197.1k +197,121
9 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 421,623421.6k $3.4m $3.4m 0.00% Added +332.2k +332,162
10 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 360,919360.9k $2.9m $2.9m 0.00% Added +271.6k +271,615
11 Realta Investment Advisors 0.77% of their portfolio WILMINGTON, DE 310,356310.4k $2.5m $2.5m 0.77% Reduced -4.7k -4,695
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 302,390302.4k $2.4m $2.4m 0.00% Added +197.9k +197,871
13 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 289,098289.1k $2.3m $2.3m 0.00% New
14 Faithward Advisors, LLC 0.26% of their portfolio LANCASTER, PA 262,447262.4k $2.1m $2.1m 0.26% Added +5.7k +5,724
15 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 220,921220.9k $1.8m $1.8m 0.02% Added +170.4k +170,365
16 StoneX Group Inc. 0.06% of their portfolio NEW YORK, NY 138,679138.7k $1.4m $1.4m 0.06% Added +43.6k +43,553
17 Edgestream Partners, L.P. 0.03% of their portfolio Princeton, NJ 132,758132.8k $1.1m $1.1m 0.03% New
18 Legacy Wealth Managment, LLC/ID 0.43% of their portfolio BOISE, ID 130,791130.8k $1.0m $1.0m 0.43% Reduced -130.3k -130,260
19 TWO SIGMA SECURITIES, LLC 0.08% of their portfolio NEW YORK, NY 122,082122.1k $974.2k $974.2k 0.08% Reduced -66.7k -66,666
20 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 108,323108.3k $864.4k $864.4k 0.01% Reduced -33.4k -33,400
21 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 101,219101.2k $807.7k $807.7k 0.02% Added +80.7k +80,710
22 Ausdal Financial Partners, Inc. 0.03% of their portfolio Davenport, IA 100,460100.5k $801.7k $801.7k 0.03% Reduced -8.0k -7,991
23 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 98,19098.2k $783.6k $783.6k 0.00% Added +28.6k +28,568
24 NATIXIS 0.00% of their portfolio PARIS, I0 97,20197.2k $775.7k $775.7k 0.00% New
25 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 90,95991.0k $725.9k $725.9k 0.01% Added +79.5k +79,460
26 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 84,93284.9k $677.8k $677.8k 0.03% Reduced -21.9k -21,861
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 70,10270.1k $559.4k $559.4k 0.00% Added +25.1k +25,100
28 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 67,45467.5k $538.3k $538.3k 0.00% Reduced -9.9k -9,877
29 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 66,01766.0k $526.8k $526.8k 0.01% Reduced -21.2k -21,178
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 64,07164.1k $511.3k $511.3k 0.00% Reduced -7.2k -7,237
31 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 63,42763.4k $506.1k $506.1k 0.01% Reduced -1.3k -1,330
32 Independent Wealth Network Inc. 0.10% of their portfolio URBANDALE, IA 51,42751.4k $410.4k $410.4k 0.10% Added +1.6k +1,558
33 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 48,60648.6k $388.0k $388.0k 0.00% Reduced -154.9k -154,887
34 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 46,65046.6k $372.3k $372.3k 0.00% Reduced -198 -198
35 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 46,28746.3k $369.4k $369.4k 0.00% Reduced -3.6k -3,636
36 Baker Avenue Asset Management, LP 0.01% of their portfolio SAN FRANCISCO, CA 45,00045.0k $359.1k $359.1k 0.01% Unchanged
37 Simplicity Wealth,LLC 0.01% of their portfolio SUMMIT, NJ 43,51843.5k $347.3k $347.3k 0.01% New
38 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 43,38743.4k $346.2k $346.2k 0.00% Reduced -12.8k -12,783
39 Mariner, LLC 0.00% of their portfolio Overland Park, KS 40,63740.6k $324.3k $324.3k 0.00% Reduced -21.7k -21,695
40 Forum Financial Management, LP 0.00% of their portfolio LOMBARD, IL 40,49640.5k $323.2k $323.2k 0.00% Reduced -1 -1
41 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 39,01539.0k $311.3k $311.3k 0.00% Added +210 +210
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 36,79636.8k $293.6k $293.6k 0.00% Added +7.1k +7,141
43 Brand Asset Management Group, Inc. 0.06% of their portfolio CHESTERFIELD, MO 35,71935.7k $285.0k $285.0k 0.06% New
44 LaSalle St. Investment Advisors, LLC 0.03% of their portfolio ELMHURST, IL 32,98333.0k $263.2k $263.2k 0.03% Added +556 +556
45 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 32,35132.4k $258.2k $258.2k 0.00% Added +19.7k +19,702
46 MEANS INVESTMENT CO., INC. 0.02% of their portfolio BANGOR, ME 30,91030.9k $246.7k $246.7k 0.02% Reduced -722 -722
47 Wealth Management Nebraska 0.02% of their portfolio Norfolk, NE 30,59030.6k $244.1k $244.1k 0.02% Added +1.3k +1,259
48 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 30,15730.2k $240.7k $240.7k 0.00% Added +113 +113
49 Financial Planning Navigators CORP 0.09% of their portfolio MAPLE GROVE, MN 29,81029.8k $237.9k $237.9k 0.09% New
50 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 25,88225.9k $207.0k $207.0k 0.01% Reduced -34.7k -34,732
51 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 25,16125.2k $201.0k $201.0k 0.01% New
52 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 24,40024.4k $194.7k $194.7k 0.00% Added +90 +90
53 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 23,23823.2k $185.4k $185.4k 0.00% Added +11.7k +11,693
54 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 22,44322.4k $179.1k $179.1k 0.00% Added +34 +34
55 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 22,11222.1k $176.5k $176.5k 0.00% Added +5.3k +5,251
56 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 21,98522.0k $175.4k $175.4k 0.00% Reduced -537 -537
57 CPA Asset Management Group, LLC 0.05% of their portfolio WEST PALM BEACH, FL 21,82821.8k $174.2k $174.2k 0.05% Added +82 +82
58 Marathon Trading Investment Management LLC 0.02% of their portfolio RADNOR, PA 21,50221.5k $171.6k $171.6k 0.02% Unchanged
59 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 21,37921.4k $170.6k $170.6k 0.00% Added +6.0k +5,982
60 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 21,05521.1k $168.0k $168.0k 0.00% Added +64 +64
61 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 21,03921.0k $167.9k $167.9k 0.00% New
62 Kings Path Partners LLC 0.04% of their portfolio SUGAR LAND, TX 20,00020.0k $159.6k $159.6k 0.04% Unchanged
63 DAYMARK WEALTH PARTNERS, LLC 0.00% of their portfolio CINCINNATI, OH 19,11419.1k $152.5k $152.5k 0.00% Added +3.6k +3,589
64 FOUNDERS FINANCIAL SECURITIES LLC 0.01% of their portfolio TOWSON, MD 18,86518.9k $150.5k $150.5k 0.01% Reduced -658 -658
65 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 18,66418.7k $148.9k $148.9k 0.00% Reduced -6.5k -6,485
66 Migdal Insurance & Financial Holdings Ltd. 0.00% of their portfolio Petach Tikva, L3 18,36518.4k $171.0k $171.0k 0.00% Unchanged
67 Advyzon Investment Management, LLC 0.01% of their portfolio LISLE, IL 17,66817.7k $141.0k $141.0k 0.01% Added +5.7k +5,661
68 CCG WEALTH MANAGEMENT, LLC 0.03% of their portfolio SAN DIEGO, CA 16,49516.5k $131.6k $131.6k 0.03% Added +11 +11
69 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 15,76215.8k $125.8k $125.8k 0.00% Reduced -8.3k -8,262
70 J HAGAN CAPITAL, INC. 0.06% of their portfolio LOUISVILLE, KY 15,11615.1k $120.6k $120.6k 0.06% Added +3.5k +3,510
71 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 15,00015.0k $120.0k $120.0k 0.00% Unchanged
72 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 14,73714.7k $117.6k $117.6k 0.00% New
73 Cyndeo Wealth Partners, LLC 0.01% of their portfolio ST. PETERSBURG, FL 14,67714.7k $117.1k $117.1k 0.01% Added +51 +51
74 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 14,21414.2k $113.4k $113.4k 0.00% Reduced -9.7k -9,723
75 Meridian Wealth Management, LLC 0.00% of their portfolio LEXINGTON, KY 13,65513.7k $109.0k $109.0k 0.00% Reduced -3.0k -2,981
76 VILLERE ST DENIS J & CO LLC 0.01% of their portfolio New Orleans, LA 12,71212.7k $101.4k $101.4k 0.01% Added +41 +41
77 Proficio Capital Partners LLC 0.00% of their portfolio NEWTON, MA 12,53012.5k $100.0k $100.0k 0.00% Unchanged
78 IHT Wealth Management, LLC 0.00% of their portfolio Chicago, IL 12,15812.2k $97.0k $97.0k 0.00% Reduced -1.4k -1,408
79 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 11,92211.9k $95.1k $95.1k 0.00% Reduced -45 -45
80 Clare Market Investments LLC 0.02% of their portfolio DALLAS, TX 11,65011.7k $93.0k $93.0k 0.02% Unchanged
81 OLD MISSION CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 11,60011.6k $92.6k $92.6k 0.00% Reduced -47.3k -47,314
82 INTEGRITY ALLIANCE, LLC. 0.00% of their portfolio Urbandale, IA 11,58211.6k $92.4k $92.4k 0.00% New
83 Vestmark Advisory Solutions, Inc. 0.00% of their portfolio Wakefield, MA 11,54511.5k $92.1k $92.1k 0.00% Added +1 +1
84 TWIN FOCUS CAPITAL PARTNERS, LLC 0.01% of their portfolio Boston, MA 11,40011.4k $91.0k $91.0k 0.01% Reduced -26.6k -26,600
85 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 11,34411.3k $90.5k $90.5k 0.00% Reduced -6.9k -6,935
86 SILVER OAK SECURITIES, INCORPORATED 0.01% of their portfolio JACKSON, TN 10,86710.9k $86.7k $86.7k 0.01% Added +375 +375
87 Kingsview Wealth Management, LLC 0.00% of their portfolio GRANTS PASS, OR 10,43110.4k $83.2k $83.2k 0.00% Added +14 +14
88 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 10,42810.4k $83.2k $83.2k 0.00% Added +9.8k +9,752
89 Dynamic Advisor Solutions LLC 0.00% of their portfolio PHOENIX, AZ 10,11810.1k $80.7k $80.7k 0.00% Reduced -87 -87
90 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 10,09710.1k $80.6k $80.6k 0.00% New
91 KERR FINANCIAL PLANNING Corp 0.09% of their portfolio FRESNO, CA 9,8679.9k $78.7k $78.7k 0.09% Reduced -25 -25
92 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 9,4099.4k $75.1k $75.1k 0.00% Added +35 +35
93 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 9,2019.2k $73.4k $73.4k 0.00% Added +1.9k +1,850
94 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 8,6678.7k $69.2k $69.2k 0.00% Added +8.4k +8,361
95 Leo H. Evart, Inc. 0.05% of their portfolio REDWOOD CITY, CA 8,4188.4k $67.2k $67.2k 0.05% Added +32 +32
96 SUMMIT SECURITIES GROUP LLC 0.01% of their portfolio NEW YORK, NY 8,4008.4k $67.0k $67.0k 0.01% Reduced -9.0k -9,000
97 Triumph Capital Management 0.01% of their portfolio DENVER, CO 7,4477.4k $59.4k $59.4k 0.01% Reduced -268 -268
98 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,3907.4k $59.0k $59.0k 0.00% Reduced -5.3k -5,273
99 HOEY INVESTMENTS, INC 0.01% of their portfolio COATESVILLE, PA 5,8145.8k $46.4k $46.4k 0.01% Reduced -320 -320
100 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 5,3105.3k $42.3k $42.3k 0.00% Added +15 +15