ARK Investment Management LLC Buys New Shares in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

ARK Investment Management LLC purchased a new stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,549,207 shares of the company’s stock, valued at approximately $93,213,000. ARK Investment Management LLC owned about 0.06% of ProShares Bitcoin Strategy ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BITO. Goldman Sachs Group Inc. boosted its holdings in ProShares Bitcoin Strategy ETF by 8,714.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,814,147 shares of the company’s stock worth $102,332,000 after buying an additional 8,714,147 shares during the last quarter. Acorns Advisers LLC boosted its holdings in ProShares Bitcoin Strategy ETF by 10.0% in the 3rd quarter. Acorns Advisers LLC now owns 2,295,458 shares of the company’s stock worth $31,700,000 after buying an additional 208,988 shares during the last quarter. Jane Street Group LLC boosted its holdings in ProShares Bitcoin Strategy ETF by 10.4% in the 3rd quarter. Jane Street Group LLC now owns 1,032,761 shares of the company’s stock worth $12,383,000 after buying an additional 97,146 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in ProShares Bitcoin Strategy ETF in the 2nd quarter worth about $5,057,000. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares Bitcoin Strategy ETF in the 1st quarter worth about $10,581,000.

ProShares Bitcoin Strategy ETF Trading Down 1.4 %

BITO stock opened at $31.26 on Thursday. The business’s 50-day moving average is $25.78 and its 200 day moving average is $20.65. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79.

About ProShares Bitcoin Strategy 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.