Capital Wealth Alliance LLC Sells 866 Shares of Bitwise Bitcoin ETF $BITB

Capital Wealth Alliance LLC decreased its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 3.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,614 shares of the company’s stock after selling 866 shares during the quarter. Bitwise Bitcoin ETF comprises 0.8% of Capital Wealth Alliance LLC’s holdings, making the stock its 20th largest position. Capital Wealth Alliance LLC’s holdings in Bitwise Bitcoin ETF were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BITB. Brighton Jones LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter valued at $516,000. Cambridge Investment Research Advisors Inc. lifted its stake in Bitwise Bitcoin ETF by 6.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 95,446 shares of the company’s stock worth $4,284,000 after purchasing an additional 5,443 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Bitwise Bitcoin ETF by 0.6% during the first quarter. Perigon Wealth Management LLC now owns 56,242 shares of the company’s stock valued at $2,524,000 after buying an additional 325 shares during the period. Emerald Advisors LLC purchased a new stake in Bitwise Bitcoin ETF during the first quarter valued at about $279,000. Finally, Wealthstar Advisors LLC bought a new position in shares of Bitwise Bitcoin ETF during the first quarter valued at about $316,000.

Bitwise Bitcoin ETF Trading Down 3.7%

BITB opened at $58.60 on Thursday. Bitwise Bitcoin ETF has a 12 month low of $35.49 and a 12 month high of $68.74. The business’s 50-day moving average price is $62.03 and its 200-day moving average price is $58.65.

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.