Bitwise Bitcoin ETF $BITB Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 19.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,886 shares of the company’s stock after purchasing an additional 153,599 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Bitwise Bitcoin ETF were worth $34,192,000 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. GeoWealth Management LLC bought a new stake in Bitwise Bitcoin ETF during the fourth quarter worth approximately $32,000. Founders Capital Management lifted its position in shares of Bitwise Bitcoin ETF by 105.9% during the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter worth $34,000. Lodestone Wealth Management LLC acquired a new position in shares of Bitwise Bitcoin ETF in the 4th quarter worth $38,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Bitwise Bitcoin ETF by 262.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after acquiring an additional 643 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 1.8%

Shares of Bitwise Bitcoin ETF stock opened at $35.15 on Friday. Bitwise Bitcoin ETF has a 12-month low of $31.49 and a 12-month high of $68.74. The stock’s fifty day moving average is $35.92 and its 200-day moving average is $39.44.

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.