Tidal Investments LLC decreased its stake in ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 48.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 605,000 shares of the company’s stock after selling 575,000 shares during the quarter. Tidal Investments LLC’s holdings in ProShares Bitcoin ETF were worth $4,822,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of BITO. Goldman Sachs Group Inc. raised its position in shares of ProShares Bitcoin ETF by 120.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,761,837 shares of the company’s stock worth $82,224,000 after purchasing an additional 3,700,000 shares during the last quarter. Acorns Advisers LLC boosted its holdings in ProShares Bitcoin ETF by 37.1% in the 4th quarter. Acorns Advisers LLC now owns 6,274,599 shares of the company’s stock worth $76,299,000 after buying an additional 1,698,373 shares during the last quarter. IMC Chicago LLC acquired a new stake in ProShares Bitcoin ETF in the 2nd quarter worth about $10,223,000. Group One Trading LLC purchased a new stake in ProShares Bitcoin ETF during the 4th quarter worth approximately $4,903,000. Finally, HighTower Advisors LLC increased its stake in ProShares Bitcoin ETF by 1,197.5% during the 4th quarter. HighTower Advisors LLC now owns 396,126 shares of the company’s stock worth $4,817,000 after buying an additional 365,596 shares in the last quarter.
ProShares Bitcoin ETF Price Performance
Shares of ProShares Bitcoin ETF stock opened at $10.37 on Monday. The business has a 50 day simple moving average of $9.32 and a two-hundred day simple moving average of $9.54. ProShares Bitcoin ETF has a 12 month low of $7.87 and a 12 month high of $20.91.
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.
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