KG&L Capital Management LLC Makes New $437,000 Investment in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC)

KG&L Capital Management LLC acquired a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,511 shares of the company’s stock, valued at approximately $437,000. KG&L Capital Management LLC owned 2.21% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF at the end of the most recent quarter.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

Shares of BITC stock opened at $45.33 on Thursday. The stock’s fifty day simple moving average is $45.93 and its 200 day simple moving average is $47.10. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $37.21 and a one year high of $79.48.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Profile

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes.