TAP Consulting LLC Has $1.68 Million Stock Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

TAP Consulting LLC lifted its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 82.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,520 shares of the company’s stock after purchasing an additional 23,217 shares during the period. TAP Consulting LLC’s holdings in Bitwise Bitcoin ETF were worth $1,684,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BITB. Jane Street Group LLC acquired a new position in shares of Bitwise Bitcoin ETF during the 1st quarter worth about $53,788,000. Hunting Hill Global Capital LLC acquired a new position in Bitwise Bitcoin ETF in the 2nd quarter valued at about $18,315,000. IMC Chicago LLC acquired a new position in Bitwise Bitcoin ETF in the 1st quarter valued at about $20,530,000. Fielder Capital Group LLC acquired a new position in Bitwise Bitcoin ETF in the 1st quarter valued at about $14,614,000. Finally, RPO LLC acquired a new position in Bitwise Bitcoin ETF in the 1st quarter valued at about $11,423,000.

Bitwise Bitcoin ETF Stock Down 4.5 %

BITB traded down $1.38 on Friday, reaching $29.14. The company had a trading volume of 2,836,283 shares, compared to its average volume of 2,439,382. Bitwise Bitcoin ETF has a fifty-two week low of $21.05 and a fifty-two week high of $40.16. The company’s fifty day moving average is $33.15 and its 200 day moving average is $34.69.

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.