Bitwise Bitcoin ETF (NYSEARCA:BITB) Shares Bought by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors grew its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 9.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,442 shares of the company’s stock after purchasing an additional 1,471 shares during the period. TRUE Private Wealth Advisors’ holdings in Bitwise Bitcoin ETF were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BITB. Massmutual Trust Co. FSB ADV acquired a new stake in Bitwise Bitcoin ETF during the second quarter valued at $33,000. Park Place Capital Corp acquired a new stake in shares of Bitwise Bitcoin ETF during the 2nd quarter valued at about $34,000. Fairway Wealth LLC grew its position in shares of Bitwise Bitcoin ETF by 258.1% during the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after acquiring an additional 800 shares during the period. Avior Wealth Management LLC purchased a new position in shares of Bitwise Bitcoin ETF in the 3rd quarter valued at about $69,000. Finally, Farther Finance Advisors LLC raised its holdings in Bitwise Bitcoin ETF by 6,150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock worth $86,000 after purchasing an additional 2,460 shares during the period.

Bitwise Bitcoin ETF Price Performance

Shares of BITB opened at $52.93 on Friday. Bitwise Bitcoin ETF has a 12 month low of $21.05 and a 12 month high of $54.39. The stock’s 50 day moving average is $40.64 and its two-hundred day moving average is $36.42.

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.