Encompass More Asset Management Makes New Investment in ProShares Bitcoin ETF (NYSEARCA:BITO)

Encompass More Asset Management bought a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,253 shares of the company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cedar Mountain Advisors LLC grew its holdings in ProShares Bitcoin ETF by 112.7% in the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after purchasing an additional 594 shares during the period. Interchange Capital Partners LLC lifted its position in shares of ProShares Bitcoin ETF by 6.4% during the 3rd quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock valued at $276,000 after buying an additional 858 shares in the last quarter. Hantz Financial Services Inc. grew its stake 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 during the period. Hexagon Capital Partners LLC increased 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 worth $25,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in 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 acquiring an additional 1,300 shares during the period.

ProShares Bitcoin ETF Trading Up 0.6 %

Shares of NYSEARCA BITO opened at $26.14 on Friday. The company’s 50-day simple moving average is $20.80 and its 200-day simple moving average is $21.66. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-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.