Claro Advisors LLC Raises Stock Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Claro Advisors LLC lifted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 80.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,127 shares of the company’s stock after buying an additional 25,393 shares during the quarter. Claro Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $2,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in Bitwise Bitcoin ETF by 71.3% during the second quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock valued at $64,711,000 after purchasing an additional 823,817 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Bitwise Bitcoin ETF by 238.5% in the 2nd quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock valued at $62,065,000 after buying an additional 1,337,765 shares in the last quarter. HBK Investments L P boosted its holdings in Bitwise Bitcoin ETF by 5.7% in the 3rd quarter. HBK Investments L P now owns 850,554 shares of the company’s stock worth $29,421,000 after buying an additional 46,124 shares during the last quarter. IMC Chicago LLC boosted its holdings in Bitwise Bitcoin ETF by 9.3% in the 3rd quarter. IMC Chicago LLC now owns 646,743 shares of the company’s stock worth $22,371,000 after buying an additional 55,092 shares during the last quarter. Finally, RPO LLC increased its stake in Bitwise Bitcoin ETF by 3.2% during the 3rd quarter. RPO LLC now owns 304,385 shares of the company’s stock worth $10,529,000 after buying an additional 9,300 shares in the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of NYSEARCA BITB traded down $1.34 during midday trading on Monday, hitting $50.25. The stock had a trading volume of 1,309,493 shares, compared to its average volume of 2,020,627. The stock has a 50 day simple moving average of $51.15 and a 200-day simple moving average of $39.88. Bitwise Bitcoin ETF has a 1 year low of $21.05 and a 1 year high of $59.07.

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.