Evolution Wealth Advisors LLC Lowers Holdings in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Evolution Wealth Advisors LLC cut its position in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 20.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,482 shares of the company’s stock after selling 5,400 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of BITO. ARK Investment Management LLC acquired a new position in ProShares Bitcoin Strategy ETF during the 4th quarter worth $93,213,000. Simplex Trading LLC boosted its position in shares of ProShares Bitcoin Strategy ETF by 770.7% during the 4th quarter. Simplex Trading LLC now owns 596,737 shares of the company’s stock worth $12,227,000 after acquiring an additional 528,205 shares in the last quarter. IMC Chicago LLC purchased a new stake in ProShares Bitcoin Strategy ETF during the first quarter worth approximately $10,641,000. Total Investment Management Inc. lifted its position in shares of ProShares Bitcoin Strategy ETF by 173.2% during the 4th quarter. Total Investment Management Inc. now owns 215,808 shares of the company’s stock worth $4,422,000 after buying an additional 136,819 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its position in shares of ProShares Bitcoin Strategy ETF by 1,683.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 91,745 shares of the company’s stock worth $1,880,000 after buying an additional 86,602 shares during the last quarter.

ProShares Bitcoin Strategy ETF Stock Down 2.4 %

Shares of NYSEARCA:BITO traded down $0.53 during trading on Wednesday, hitting $21.16. 4,453,325 shares of the company were exchanged, compared to its average volume of 16,738,029. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79. The firm’s 50 day moving average price is $25.70 and its 200-day moving average price is $25.53.

ProShares Bitcoin Strategy 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.