Echo45 Advisors LLC Purchases 2,244 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Echo45 Advisors LLC boosted its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 25.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,972 shares of the company’s stock after buying an additional 2,244 shares during the period. Echo45 Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter valued at approximately $56,000. Signaturefd LLC lifted its stake in shares of Bitwise Bitcoin ETF by 819.7% in the 4th quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock valued at $62,000 after purchasing an additional 1,082 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter valued at approximately $66,000. Hollencrest Capital Management lifted its stake in shares of Bitwise Bitcoin ETF by 257.2% in the 4th quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock valued at $77,000 after purchasing an additional 1,093 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Bitwise Bitcoin ETF by 85.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,369 shares of the company’s stock valued at $120,000 after purchasing an additional 1,091 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 0.7%

NYSEARCA:BITB opened at $59.21 on Thursday. Bitwise Bitcoin ETF has a 1 year low of $27.02 and a 1 year high of $60.98. The business has a 50 day simple moving average of $52.85 and a 200-day simple moving average of $51.83.

Bitwise Bitcoin ETF 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.