Whitebox Advisors LLC Buys 114,872 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Whitebox Advisors LLC grew its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 19.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 697,042 shares of the company’s stock after buying an additional 114,872 shares during the period. Whitebox Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $13,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BITO. Kingsview Wealth Management LLC increased its holdings in shares of ProShares Bitcoin ETF by 10.3% in the third quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock worth $412,000 after acquiring an additional 2,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in ProShares Bitcoin ETF by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock worth $448,000 after buying an additional 1,642 shares during the period. Means Investment CO. Inc. lifted its stake in ProShares Bitcoin ETF by 65.5% in the second quarter. Means Investment CO. Inc. now owns 10,985 shares of the company’s stock valued at $247,000 after buying an additional 4,346 shares in the last quarter. ORG Partners LLC bought a new stake in shares of ProShares Bitcoin ETF during the second quarter worth $87,000. Finally, SIG North Trading ULC acquired a new stake in shares of ProShares Bitcoin ETF during the second quarter worth $1,857,000.

ProShares Bitcoin ETF Stock Performance

Shares of ProShares Bitcoin ETF stock opened at $25.50 on Friday. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $33.79. The stock’s 50-day moving average is $21.26 and its 200-day moving average is $21.63.

ProShares Bitcoin ETF Profile

The ProShares Bitcoin Strategy ETF (BITO) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of front-month CME bitcoin futures. BITO was launched on Oct 18, 2021 and is managed by ProShares.