Whitebox Advisors LLC Has $13.38 Million Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Whitebox Advisors LLC grew its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 697,042 shares of the company’s stock after purchasing an additional 114,872 shares during the period. Whitebox Advisors LLC owned approximately 0.84% of ProShares Bitcoin ETF worth $13,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC boosted its holdings in shares of ProShares Bitcoin ETF by 57.8% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,769 shares of the company’s stock worth $34,000 after acquiring an additional 648 shares in the last quarter. Interchange Capital Partners LLC raised its position in ProShares Bitcoin ETF by 6.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock valued at $276,000 after purchasing an additional 858 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in ProShares Bitcoin ETF by 408.4% in the third quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock worth $28,000 after purchasing an additional 1,172 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of ProShares Bitcoin ETF by 1,200.0% during the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of ProShares Bitcoin ETF by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,723 shares of the company’s stock worth $489,000 after purchasing an additional 1,300 shares during the last quarter.

ProShares Bitcoin ETF Trading Down 0.2 %

Shares of BITO stock opened at $25.50 on Friday. The firm’s 50 day moving average is $21.26 and its 200-day moving average is $21.63. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79.

ProShares Bitcoin ETF Company 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.