Fielder Capital Group LLC Invests $9.55 Million in ProShares Bitcoin ETF $BITO

Fielder Capital Group LLC bought a new position in ProShares Bitcoin ETF (NYSEARCA:BITO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 443,950 shares of the company’s stock, valued at approximately $9,549,000. ProShares Bitcoin ETF makes up about 2.5% of Fielder Capital Group LLC’s holdings, making the stock its 12th largest holding. Fielder Capital Group LLC owned about 0.37% of ProShares Bitcoin ETF at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Dagco Inc. acquired a new position in shares of ProShares Bitcoin ETF in the 1st quarter worth approximately $29,000. Cedar Mountain Advisors LLC raised its holdings in shares of ProShares Bitcoin ETF by 43.7% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock worth $39,000 after buying an additional 548 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of ProShares Bitcoin ETF by 1,793.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,689 shares of the company’s stock worth $49,000 after buying an additional 2,547 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of ProShares Bitcoin ETF by 368.9% in the 1st quarter. Headlands Technologies LLC now owns 3,418 shares of the company’s stock worth $63,000 after buying an additional 2,689 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of ProShares Bitcoin ETF by 30.0% in the 1st quarter. CWM LLC now owns 5,604 shares of the company’s stock worth $103,000 after buying an additional 1,294 shares in the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of BITO opened at $18.21 on Friday. ProShares Bitcoin ETF has a 1 year low of $16.48 and a 1 year high of $27.88. The stock has a 50 day simple moving average of $19.51 and a 200-day simple moving average of $20.59.

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.