VestGen Advisors LLC bought a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,496 shares of the company’s stock, valued at approximately $975,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BITB. Geneos Wealth Management Inc. boosted its position in Bitwise Bitcoin ETF by 53.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the company’s stock valued at $44,000 after buying an additional 421 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Bitwise Bitcoin ETF by 39.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,238 shares of the company’s stock worth $46,000 after acquiring an additional 350 shares during the last quarter. Foresight Capital Management Advisors Inc. purchased a new position in shares of Bitwise Bitcoin ETF in the third quarter valued at about $89,000. Fifth Third Bancorp purchased a new position in shares of Bitwise Bitcoin ETF in the first quarter valued at about $168,000. Finally, Shore Point Advisors LLC purchased a new position in shares of Bitwise Bitcoin ETF in the third quarter valued at about $203,000.
Bitwise Bitcoin ETF Stock Down 5.1%
Shares of NYSEARCA:BITB opened at $41.57 on Friday. The company has a 50-day moving average price of $43.97 and a 200-day moving average price of $39.84. Bitwise Bitcoin ETF has a 12 month low of $31.49 and a 12 month high of $60.38.
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.
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