Arete Wealth Advisors LLC Boosts Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Arete Wealth Advisors LLC grew its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 73.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,112 shares of the company’s stock after buying an additional 9,350 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $1,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gleason Group Inc. acquired a new position in Bitwise Bitcoin ETF during the fourth quarter worth about $25,000. VisionPoint Advisory Group LLC purchased a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth approximately $56,000. Signaturefd LLC raised its position in shares of Bitwise Bitcoin ETF by 819.7% during the 4th quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock worth $62,000 after purchasing an additional 1,082 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Bitwise Bitcoin ETF in the 4th quarter valued at approximately $66,000. Finally, Hollencrest Capital Management grew its holdings in Bitwise Bitcoin ETF by 257.2% during the 4th quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock valued at $77,000 after buying an additional 1,093 shares during the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of NYSEARCA:BITB opened at $45.69 on Friday. Bitwise Bitcoin ETF has a 52-week low of $27.02 and a 52-week high of $59.07. The stock’s fifty day simple moving average is $49.26 and its 200-day simple moving average is $47.08.

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.