88,584 VanEck Bitcoin ETF $HODL Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. cut its holdings in VanEck Bitcoin ETF (BATS:HODL) by 33.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 175,843 shares of the company’s stock after selling 88,584 shares during the quarter. Simplify Asset Management Inc.’s holdings in VanEck Bitcoin ETF were worth $4,153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berger Financial Group Inc grew its position in VanEck Bitcoin ETF by 26.0% in the 1st quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock valued at $16,449,000 after purchasing an additional 177,369 shares during the period. Bouchey Financial Group Ltd. raised its holdings in VanEck Bitcoin ETF by 2.7% during the second quarter. Bouchey Financial Group Ltd. now owns 983,628 shares of the company’s stock worth $16,338,000 after buying an additional 26,031 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of VanEck Bitcoin ETF by 47.6% in the second quarter. Gradient Investments LLC now owns 922,374 shares of the company’s stock valued at $15,321,000 after buying an additional 297,606 shares in the last quarter. Assetmark Inc. lifted its stake in shares of VanEck Bitcoin ETF by 3.6% in the first quarter. Assetmark Inc. now owns 626,385 shares of the company’s stock valued at $12,002,000 after buying an additional 22,036 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its holdings in shares of VanEck Bitcoin ETF by 45.0% during the first quarter. Meitav Investment House Ltd. now owns 167,062 shares of the company’s stock valued at $3,201,000 after buying an additional 51,832 shares during the last quarter.

VanEck Bitcoin ETF Trading Up 1.1%

Shares of VanEck Bitcoin ETF stock opened at $23.05 on Thursday. The stock has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $20.81. VanEck Bitcoin ETF has a 12-month low of $16.40 and a 12-month high of $32.14.

VanEck Bitcoin ETF Profile

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency. HODL was launched on Jan 4, 2024 and is issued by VanEck.