Bonfire Financial Has $1.12 Million Holdings in Bitwise Bitcoin ETF $BITB

Bonfire Financial raised its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,064 shares of the company’s stock after acquiring an additional 1,659 shares during the period. Bitwise Bitcoin ETF comprises 0.9% of Bonfire Financial’s holdings, making the stock its 26th biggest holding. Bonfire Financial’s holdings in Bitwise Bitcoin ETF were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wealth Preservation Advisors LLC bought a new position in shares of Bitwise Bitcoin ETF in the first quarter worth about $34,000. WPG Advisers LLC acquired a new position in Bitwise Bitcoin ETF during the 1st quarter worth approximately $38,000. Ameritas Advisory Services LLC acquired a new position in Bitwise Bitcoin ETF during the 2nd quarter worth approximately $46,000. ROSS JOHNSON & Associates LLC lifted its stake in Bitwise Bitcoin ETF by 207.4% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 2,087 shares of the company’s stock valued at $94,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Bitwise Bitcoin ETF in the first quarter valued at approximately $141,000.

Bitwise Bitcoin ETF Stock Up 2.8%

NYSEARCA BITB opened at $56.39 on Friday. The firm’s fifty day moving average price is $61.27 and its two-hundred day moving average price is $59.89. Bitwise Bitcoin ETF has a fifty-two week low of $41.17 and a fifty-two week high of $68.74.

About Bitwise Bitcoin ETF

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.