RFG Advisory LLC Has $3.11 Million Stock Holdings in Bitwise Bitcoin ETF $BITB

RFG Advisory LLC lifted its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 1,836.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,582 shares of the company’s stock after buying an additional 80,214 shares during the quarter. RFG Advisory LLC owned about 0.12% of Bitwise Bitcoin ETF worth $3,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Bitwise Bitcoin ETF during the fourth quarter worth approximately $516,000. Focus Partners Wealth increased its holdings in shares of Bitwise Bitcoin ETF by 0.8% in the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after purchasing an additional 244 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 46,983 shares in the last quarter. CW Advisors LLC bought a new position in Bitwise Bitcoin ETF in the 2nd quarter worth approximately $228,000. Finally, First Trust Advisors LP raised its position in Bitwise Bitcoin ETF by 21.9% in the 2nd quarter. First Trust Advisors LP now owns 102,571 shares of the company’s stock worth $6,010,000 after purchasing an additional 18,397 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 1.1%

NYSEARCA:BITB opened at $32.12 on Friday. The stock’s fifty day moving average price is $39.24 and its two-hundred day moving average price is $41.38. Bitwise Bitcoin ETF has a 52-week low of $31.49 and a 52-week high of $68.74.

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.