Palatine Hill Wealth Management LLC purchased a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,761 shares of the company’s stock, valued at approximately $2,367,000. Bitwise Bitcoin ETF comprises approximately 1.9% of Palatine Hill Wealth Management LLC’s holdings, making the stock its 12th biggest position. Palatine Hill Wealth Management LLC owned approximately 0.07% of Bitwise Bitcoin ETF at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Bitwise Bitcoin ETF by 11.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 775,287 shares of the company’s stock worth $36,873,000 after buying an additional 82,186 shares during the last quarter. Beaird Harris Wealth Management LLC raised its stake in shares of Bitwise Bitcoin ETF by 8.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 646,513 shares of the company’s stock worth $40,226,000 after buying an additional 50,131 shares during the last quarter. Kaleidoscope Capital LP raised its stake in shares of Bitwise Bitcoin ETF by 33.3% during the 3rd quarter. Kaleidoscope Capital LP now owns 549,399 shares of the company’s stock worth $34,184,000 after buying an additional 137,270 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Bitwise Bitcoin ETF by 168.9% during the 3rd quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock worth $33,118,000 after buying an additional 334,296 shares during the last quarter. Finally, Elequin Capital LP raised its stake in Bitwise Bitcoin ETF by 962.9% in the 3rd quarter. Elequin Capital LP now owns 393,733 shares of the company’s stock valued at $24,498,000 after purchasing an additional 356,688 shares during the last quarter.
Bitwise Bitcoin ETF Price Performance
Shares of BITB stock opened at $36.49 on Wednesday. The firm has a 50-day moving average price of $40.51 and a 200 day moving average price of $43.30. Bitwise Bitcoin ETF has a twelve month low of $33.81 and a twelve month 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.
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