Orion Portfolio Solutions LLC Has $510,000 Stock Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Orion Portfolio Solutions LLC raised its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,564 shares of the company’s stock after acquiring an additional 6,066 shares during the period. Orion Portfolio Solutions LLC’s holdings in ProShares Bitcoin ETF were worth $510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BITO. Hexagon Capital Partners LLC raised its holdings in ProShares Bitcoin ETF by 1,200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock valued at $25,000 after acquiring an additional 1,200 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in ProShares Bitcoin ETF in the 3rd quarter valued at $28,000. Hantz Financial Services Inc. raised its holdings in ProShares Bitcoin ETF by 408.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock valued at $28,000 after acquiring an additional 1,172 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in ProShares Bitcoin ETF in the 3rd quarter valued at $29,000. Finally, Cedar Mountain Advisors LLC raised its holdings in ProShares Bitcoin ETF by 57.8% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,769 shares of the company’s stock valued at $34,000 after acquiring an additional 648 shares in the last quarter.

ProShares Bitcoin ETF Stock Up 0.8 %

Shares of NYSEARCA BITO opened at $27.42 on Wednesday. The business has a fifty day moving average price of $22.53 and a two-hundred day moving average price of $21.44. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79.

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.