Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $37.16, but opened at $39.04. Bitwise Bitcoin ETF shares last traded at $38.81, with a volume of 802,969 shares.
Bitwise Bitcoin ETF Price Performance
The stock’s fifty day simple moving average is $34.73 and its 200-day simple moving average is $37.45.
Hedge Funds Weigh In On Bitwise Bitcoin ETF
Several hedge funds have recently bought and sold shares of BITB. Focus Partners Wealth boosted its position in Bitwise Bitcoin ETF by 0.8% during the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock worth $1,318,000 after purchasing an additional 244 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Bitwise Bitcoin ETF by 1.7% in the second quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock valued at $886,000 after buying an additional 255 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Bitwise Bitcoin ETF by 5.4% in the first quarter. Parallel Advisors LLC now owns 5,905 shares of the company’s stock valued at $217,000 after buying an additional 303 shares in the last quarter. NewEdge Wealth LLC raised its stake in shares of Bitwise Bitcoin ETF by 4.3% during the 4th quarter. NewEdge Wealth LLC now owns 7,609 shares of the company’s stock worth $362,000 after buying an additional 312 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Bitwise Bitcoin ETF by 6.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,358 shares of the company’s stock worth $333,000 after buying an additional 319 shares during the last quarter.
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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