Traphagen Investment Advisors LLC Buys 12,396 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Traphagen Investment Advisors LLC increased its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,845 shares of the company’s stock after buying an additional 12,396 shares during the quarter. Bitwise Bitcoin ETF accounts for 0.8% of Traphagen Investment Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Traphagen Investment Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $8,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC boosted its position in Bitwise Bitcoin ETF by 56.3% in the third quarter. CWM LLC now owns 22,548 shares of the company’s stock worth $780,000 after purchasing an additional 8,125 shares during the last quarter. Wiser Wealth Management Inc boosted its position in Bitwise Bitcoin ETF by 28.4% in the third quarter. Wiser Wealth Management Inc now owns 25,160 shares of the company’s stock worth $870,000 after purchasing an additional 5,572 shares during the last quarter. Creative Planning boosted its position in Bitwise Bitcoin ETF by 22.9% in the third quarter. Creative Planning now owns 49,014 shares of the company’s stock worth $1,695,000 after purchasing an additional 9,139 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Bitwise Bitcoin ETF in the third quarter worth $341,000. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Bitwise Bitcoin ETF by 3,147.3% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 89,949 shares of the company’s stock valued at $2,940,000 after buying an additional 87,179 shares during the last quarter.

Bitwise Bitcoin ETF Stock Up 1.3 %

Shares of NYSEARCA BITB opened at $57.82 on Wednesday. Bitwise Bitcoin ETF has a one year low of $21.05 and a one year high of $59.07. The business’s fifty day moving average price is $52.74 and its 200-day moving average price is $40.75.

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.