Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Get Free Report)’s stock price shot up 5.9% during mid-day trading on Thursday . The stock traded as high as $42.28 and last traded at $42.28. 1,807 shares traded hands during trading, a decline of 60% from the average daily volume of 4,514 shares. The stock had previously closed at $39.92.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Up 5.9%
The company has a 50-day moving average price of $37.14 and a 200 day moving average price of $37.81.
Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
A hedge fund recently bought a new position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC bought a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,115 shares of the company’s stock, valued at approximately $660,000. Jane Street Group LLC owned approximately 4.53% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF at the end of the most recent reporting period.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile
The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.
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