Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report) saw strong trading volume on Monday . 6,484,257 shares were traded during trading, an increase of 292% from the previous session’s volume of 1,654,047 shares.The stock last traded at $49.7280 and had previously closed at $51.24.
Bitwise Bitcoin ETF Stock Performance
The company has a 50 day simple moving average of $60.30 and a two-hundred day simple moving average of $60.10.
Hedge Funds Weigh In On Bitwise Bitcoin ETF
A number of institutional investors have recently bought and sold shares of BITB. Sunbelt Securities Inc. boosted its holdings in shares of Bitwise Bitcoin ETF by 385.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,665 shares of the company’s stock valued at $166,000 after acquiring an additional 2,116 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Bitwise Bitcoin ETF by 2.0% during the third quarter. Proficio Capital Partners LLC now owns 34,167 shares of the company’s stock worth $2,126,000 after purchasing an additional 670 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new position in Bitwise Bitcoin ETF during the third quarter valued at $87,000. Tidal Investments LLC lifted its position in Bitwise Bitcoin ETF by 168.9% during the third quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock valued at $33,118,000 after purchasing an additional 334,296 shares during the period. Finally, SIH Partners LLLP purchased a new stake in Bitwise Bitcoin ETF in the third quarter valued at $2,306,000.
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.
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