Bitwise Bitcoin ETF (NYSEARCA:BITB) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 914,800 shares of the company’s stock after acquiring an additional 174,800 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $46,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in BITB. Proficio Capital Partners LLC increased its position in Bitwise Bitcoin ETF by 6,348.2% during the fourth quarter. Proficio Capital Partners LLC now owns 2,102,749 shares of the company’s stock worth $106,925,000 after purchasing an additional 2,070,139 shares during the last quarter. Hunting Hill Global Capital LLC acquired a new stake in Bitwise Bitcoin ETF during the fourth quarter worth about $31,052,000. Boothbay Fund Management LLC increased its position in Bitwise Bitcoin ETF by 60.5% during the fourth quarter. Boothbay Fund Management LLC now owns 1,104,412 shares of the company’s stock worth $56,159,000 after purchasing an additional 416,249 shares during the last quarter. Quarry LP acquired a new stake in Bitwise Bitcoin ETF during the fourth quarter worth about $18,167,000. Finally, PNC Financial Services Group Inc. increased its position in Bitwise Bitcoin ETF by 137.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 306,887 shares of the company’s stock worth $15,605,000 after purchasing an additional 177,401 shares during the last quarter.

Bitwise Bitcoin ETF Trading Down 0.7 %

Shares of BITB opened at $51.59 on Tuesday. Bitwise Bitcoin ETF has a 1-year low of $27.02 and a 1-year high of $59.07. The firm has a 50-day simple moving average of $46.69 and a two-hundred day simple moving average of $48.75.

Bitwise Bitcoin ETF Company Profile

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.