HighTower Advisors LLC Boosts Holdings in ProShares Bitcoin ETF $BITO

HighTower Advisors LLC grew its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 1,197.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 396,126 shares of the company’s stock after acquiring an additional 365,596 shares during the quarter. HighTower Advisors LLC owned 0.19% of ProShares Bitcoin ETF worth $4,817,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BITO. Acorns Advisers LLC raised its stake in shares of ProShares Bitcoin ETF by 16.5% during the third quarter. Acorns Advisers LLC now owns 4,576,226 shares of the company’s stock worth $90,060,000 after acquiring an additional 647,924 shares in the last quarter. Tidal Investments LLC raised its stake in shares of ProShares Bitcoin ETF by 139.3% during the third quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock worth $17,165,000 after acquiring an additional 530,987 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of ProShares Bitcoin ETF by 112.2% during the second quarter. JPMorgan Chase & Co. now owns 33,170 shares of the company’s stock worth $713,000 after acquiring an additional 304,338 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of ProShares Bitcoin ETF in the third quarter worth $4,596,000. Finally, PFG Investments LLC increased its stake in shares of ProShares Bitcoin ETF by 202.1% in the fourth quarter. PFG Investments LLC now owns 223,221 shares of the company’s stock worth $2,714,000 after buying an additional 149,342 shares during the period.

ProShares Bitcoin ETF Stock Down 2.0%

Shares of NYSEARCA BITO opened at $10.01 on Friday. ProShares Bitcoin ETF has a 52 week low of $8.61 and a 52 week high of $23.49. The firm’s fifty day moving average is $10.21 and its 200 day moving average is $11.34.

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.