JPMorgan Chase & Co. Buys 24,348 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

JPMorgan Chase & Co. grew its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 2,930.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,179 shares of the company’s stock after purchasing an additional 24,348 shares during the period. JPMorgan Chase & Co.’s holdings in ProShares Bitcoin ETF were worth $483,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BITO. Legacy Investment Solutions LLC purchased a new position in ProShares Bitcoin ETF during the 3rd quarter valued at approximately $11,254,000. Whitebox Advisors LLC grew its holdings in shares of ProShares Bitcoin ETF by 19.7% in the third quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock valued at $13,376,000 after purchasing an additional 114,872 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of ProShares Bitcoin ETF by 100.5% in the third quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock valued at $3,619,000 after purchasing an additional 98,643 shares in the last quarter. Total Investment Management Inc. increased its position in ProShares Bitcoin ETF by 118.4% in the third quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock worth $2,897,000 after purchasing an additional 81,836 shares during the last quarter. Finally, Stevens Capital Management LP raised its position in shares of ProShares Bitcoin ETF by 376.6% during the 3rd quarter. Stevens Capital Management LP now owns 86,233 shares of the company’s stock valued at $1,655,000 after buying an additional 68,139 shares in the last quarter.

ProShares Bitcoin ETF Stock Down 0.0 %

Shares of NYSEARCA:BITO opened at $24.54 on Wednesday. The company has a 50-day moving average price of $24.77 and a 200 day moving average price of $21.55. ProShares Bitcoin ETF has a 12 month low of $16.11 and a 12 month high of $33.79.

About ProShares Bitcoin ETF

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.