HighTower Advisors LLC Raises Stake in Bitwise Bitcoin ETF $BITB

HighTower Advisors LLC lifted its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 204.8% in the fourth quarter, Holdings Channel reports. The firm owned 207,107 shares of the company’s stock after purchasing an additional 139,165 shares during the period. HighTower Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $9,850,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BITB. Founders Capital Management grew its holdings 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 worth $33,000 after purchasing an additional 360 shares during the period. Princeton Global Asset Management LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter worth about $34,000. Lodestone Wealth Management LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter worth about $38,000. Caitlin John LLC purchased a new position in Bitwise Bitcoin ETF in the 3rd quarter worth approximately $49,000. Finally, Root Financial Partners LLC purchased a new position in Bitwise Bitcoin ETF in the 3rd quarter worth approximately $52,000.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA BITB opened at $41.14 on Tuesday. Bitwise Bitcoin ETF has a fifty-two week low of $33.81 and a fifty-two week high of $68.74. The business has a 50 day moving average price of $40.42 and a two-hundred day moving average price of $43.87.

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.