Independent Financial Group LLC purchased a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,846 shares of the company’s stock, valued at approximately $657,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Bitwise Bitcoin ETF by 323.9% in the fourth quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock worth $39,051,000 after acquiring an additional 627,405 shares in the last quarter. Tidal Investments LLC lifted its holdings 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 valued at $33,118,000 after acquiring an additional 334,296 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of Bitwise Bitcoin ETF by 2,352.8% during the 4th quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock valued at $15,996,000 after acquiring an additional 322,613 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in Bitwise Bitcoin ETF by 40.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock worth $52,578,000 after purchasing an additional 315,860 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Bitwise Bitcoin ETF by 269,348.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 207,475 shares of the company’s stock worth $9,868,000 after purchasing an additional 207,398 shares during the period.
Bitwise Bitcoin ETF Trading Down 0.8%
Shares of NYSEARCA BITB opened at $35.78 on Thursday. Bitwise Bitcoin ETF has a 12-month low of $31.49 and a 12-month high of $68.74. The stock has a fifty day moving average price of $36.10 and a 200 day moving average price of $39.53.
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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