ProShares Bitcoin ETF Holdings Trimmed by HighTower Advisors LLC

Hightower Advisors LLC Sells 11,899 Shares of ProShares Bitcoin ETF (BITO)

March 29, 2025 - Hightower Advisors LLC, a financial services company, has announced that it sold 11,899 shares of ProShares Bitcoin ETF (BITO). The sale was made on March 28, 2025, according to a filing with the Securities and Exchange Commission (SEC).

The ProShares Bitcoin ETF is an exchange-traded fund that tracks the price of Bitcoin, the most popular cryptocurrency. The fund was listed on the New York Stock Exchange (NYSE) in October 2020 and has since become one of the most popular ETFs in the cryptocurrency space.

Hightower Advisors LLC is a registered investment advisor that provides investment management and wealth management services to individuals, families, and institutions. The company has a long history of investing in a variety of asset classes, including cryptocurrencies.

The sale of the ProShares Bitcoin ETF shares by Hightower Advisors LLC is not surprising, given the recent volatility in the cryptocurrency market. Bitcoin prices have been trending downward over the past few weeks, which may have prompted the company to sell some of its holdings.

It's worth noting that the sale of the ProShares Bitcoin ETF shares by Hightower Advisors LLC does not necessarily mean that the company is bearish on Bitcoin. The company may have simply decided to rebalance its portfolio by selling some of its holdings in the fund to take profits or reduce its exposure to the cryptocurrency.

The sale of the ProShares Bitcoin ETF shares by Hightower Advisors LLC is just the latest example of the growing interest in cryptocurrencies among institutional investors. As more and more institutional investors begin to invest in cryptocurrencies, it's likely that we'll see even more volatility in the market.