Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $43.61 and traded as high as $43.80. Bitwise Bitcoin ETF shares last traded at $43.78, with a volume of 502,139 shares changing hands.
Bitwise Bitcoin ETF Price Performance
The business has a fifty day simple moving average of $43.61 and a two-hundred day simple moving average of $39.93.
Hedge Funds Weigh In On Bitwise Bitcoin ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC grew its position in Bitwise Bitcoin ETF by 0.4% during the second quarter. Beaird Harris Wealth Management LLC now owns 937,917 shares of the company’s stock valued at $29,882,000 after buying an additional 3,670 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Bitwise Bitcoin ETF by 19.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock worth $34,192,000 after acquiring an additional 153,599 shares during the last quarter. Magnus Financial Group LLC grew its position in shares of Bitwise Bitcoin ETF by 11.5% during the 3rd quarter. Magnus Financial Group LLC now owns 360,534 shares of the company’s stock valued at $16,354,000 after acquiring an additional 37,308 shares during the period. RPg Family Wealth Advisory LLC grew its position in shares of Bitwise Bitcoin ETF by 64.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 299,597 shares of the company’s stock valued at $9,545,000 after acquiring an additional 117,411 shares during the period. Finally, Crumly & Associates Inc. grew its position in shares of Bitwise Bitcoin ETF by 8.6% during the 3rd quarter. Crumly & Associates Inc. now owns 270,391 shares of the company’s stock valued at $12,265,000 after acquiring an additional 21,347 shares during the period.
About Bitwise Bitcoin ETF
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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