Seal Cove Capital LLC purchased a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,225 shares of the company’s stock, valued at approximately $1,297,000. Bitwise Bitcoin ETF comprises about 1.1% of Seal Cove Capital LLC’s holdings, making the stock its 9th biggest position. Seal Cove Capital LLC owned about 0.05% of Bitwise Bitcoin ETF at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth approximately $516,000. Focus Partners Wealth lifted its position in Bitwise Bitcoin ETF by 0.8% during the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after acquiring an additional 244 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Bitwise Bitcoin ETF by 1,519.0% in the second quarter. JPMorgan Chase & Co. now owns 50,076 shares of the company’s stock valued at $2,934,000 after acquiring an additional 46,983 shares in the last quarter. CW Advisors LLC acquired a new stake in Bitwise Bitcoin ETF in the second quarter valued at approximately $228,000. Finally, First Trust Advisors LP boosted its stake in Bitwise Bitcoin ETF by 21.9% in the second quarter. First Trust Advisors LP now owns 102,571 shares of the company’s stock valued at $6,010,000 after acquiring an additional 18,397 shares in the last quarter.
Bitwise Bitcoin ETF Stock Up 1.1%
NYSEARCA BITB opened at $35.23 on Tuesday. The firm’s fifty day simple moving average is $35.63 and its two-hundred day simple moving average is $39.22. Bitwise Bitcoin ETF has a 12-month low of $31.49 and a 12-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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