Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $32.04 and last traded at $32.33, with a volume of 2603859 shares trading hands. The stock had previously closed at $33.84.
Bitwise Bitcoin ETF Stock Down 4.2%
The stock has a 50 day simple moving average of $39.55 and a two-hundred day simple moving average of $41.63.
Institutional Investors Weigh In On Bitwise Bitcoin ETF
Institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC purchased a new position in Bitwise Bitcoin ETF in the fourth quarter valued at approximately $32,000. Founders Capital Management lifted its position in shares of Bitwise Bitcoin ETF by 105.9% during the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock worth $33,000 after buying an additional 360 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Bitwise Bitcoin ETF in the 4th quarter valued at $34,000. Lodestone Wealth Management LLC purchased a new position in shares of Bitwise Bitcoin ETF in the 4th quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Bitwise Bitcoin ETF by 262.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock valued at $42,000 after buying an additional 643 shares during the last quarter.
Bitwise Bitcoin ETF Company 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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