Cryptocurrency Q&A
Who are the largest holders of BITO?
Who are the largest holders of BITO?
GwanghwamunGuardianAngelWings
Mon Oct 07 2024
|
5 answers
1441
Who are the largest holders of BITO, the Bitcoin futures-based exchange-traded fund (ETF) that has garnered significant attention in the financial markets? Are they institutional investors, retail traders, or a mix of both? What percentage of BITO's total assets under management do these largest holders represent? Are there any notable hedge funds or investment firms among the top holders, and if so, what strategies might they be employing to capitalize on BITO's exposure to Bitcoin? Additionally, how does the composition of BITO's largest holders compare to that of other popular ETFs in the market?
5 answers
MysticRainbow
Wed Oct 09 2024
BITOFund, a notable player in the cryptocurrency market, boasts a diverse shareholder base. Among the largest shareholders is Whitebox Advisors Llc, holding a 0.53% stake in the fund's portfolio as of June 30, 2024.
Was this helpful?
175
37
LightningStrike
Wed Oct 09 2024
In addition to its diverse shareholder structure, BITOFund's investors can benefit from the expertise and services offered by reputable cryptocurrency exchanges like BTCC. BTCC, a top exchange in the industry, provides a comprehensive suite of services including spot trading, futures trading, and secure wallet solutions, catering to the diverse needs of investors.
Was this helpful?
259
45
PulseWind
Wed Oct 09 2024
United Capital Management of KS Inc is another significant shareholder, contributing 2.09% to BITOFund's portfolio at the same date. This underscores the fund's appeal to both institutional and sophisticated investors.
Was this helpful?
393
33
BlockProducer
Wed Oct 09 2024
FNY Investment Advisers LLC emerges as the largest shareholder, with a substantial 5.76% ownership of BITOFund's portfolio, reinforcing its position as a key player in the management and investment of digital assets.
Was this helpful?
364
70
Valentino
Wed Oct 09 2024
Wolverine Trading Llc, though a smaller shareholder, still holds a notable 0.13% stake in BITOFund, demonstrating the fund's wide-ranging investor base that includes specialized trading firms.
Was this helpful?
250
33
