Freestone Capital Holdings LLC Invests $682,000 in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Freestone Capital Holdings LLC acquired a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,617 shares of the company’s stock, valued at approximately $682,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $20,530,000. Fielder Capital Group LLC acquired a new stake in Bitwise Bitcoin ETF in the first quarter valued at $14,614,000. RPO LLC acquired a new stake in Bitwise Bitcoin ETF in the first quarter valued at $11,423,000. Artemis Wealth Advisors LLC purchased a new position in shares of Bitwise Bitcoin ETF in the first quarter valued at $5,806,000. Finally, Refined Wealth Management acquired a new position in shares of Bitwise Bitcoin ETF during the 1st quarter worth $4,890,000.

Bitwise Bitcoin ETF Stock Up 4.9 %

Shares of NYSEARCA:BITB traded up $1.71 on Friday, hitting $36.96. The company had a trading volume of 2,077,624 shares, compared to its average volume of 2,464,409. The business has a 50 day moving average of $35.40. Bitwise Bitcoin ETF has a 52-week low of $21.05 and a 52-week high of $40.16.

Bitwise Bitcoin ETF Company 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.