Bitwise Bitcoin ETF $BITB Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 38.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 693,101 shares of the company’s stock after purchasing an additional 191,146 shares during the period. PNC Financial Services Group Inc. owned 0.99% of Bitwise Bitcoin ETF worth $43,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in shares of Bitwise Bitcoin ETF during the fourth quarter worth about $516,000. Focus Partners Wealth raised its holdings in shares of Bitwise Bitcoin ETF by 0.8% during the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after buying an additional 244 shares during the period. Balboa Wealth Partners purchased a new stake in shares of Bitwise Bitcoin ETF during the 2nd quarter valued at about $240,000. Salus Financial Advisors LLC lifted its position in Bitwise Bitcoin ETF by 16.4% during the 2nd quarter. Salus Financial Advisors LLC now owns 39,462 shares of the company’s stock worth $2,312,000 after acquiring an additional 5,572 shares in the last quarter. Finally, Mason & Associates Inc boosted its holdings in Bitwise Bitcoin ETF by 29.3% in the 2nd quarter. Mason & Associates Inc now owns 12,220 shares of the company’s stock worth $716,000 after acquiring an additional 2,772 shares during the period.

Bitwise Bitcoin ETF Stock Up 5.2%

Shares of NYSEARCA:BITB opened at $37.35 on Tuesday. The company has a 50 day moving average of $46.39 and a two-hundred day moving average of $54.57. Bitwise Bitcoin ETF has a 52-week low of $33.81 and a 52-week high of $68.74.

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.