Ballew Advisors Inc Invests $306,000 in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Ballew Advisors Inc purchased a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors have also recently added to or reduced their stakes in BITB. Commonwealth Equity Services LLC increased its position in shares of Bitwise Bitcoin ETF by 29.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,950 shares of the company’s stock worth $587,000 after purchasing an additional 4,107 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Bitwise Bitcoin ETF by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 53,571 shares of the company’s stock worth $1,751,000 after purchasing an additional 2,943 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Bitwise Bitcoin ETF by 134.0% in the second quarter. Renaissance Technologies LLC now owns 62,000 shares of the company’s stock valued at $2,027,000 after buying an additional 35,500 shares during the last quarter. DRW Securities LLC bought a new stake in Bitwise Bitcoin ETF in the second quarter valued at about $3,108,000. Finally, Millennium Management LLC raised its stake 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 buying an additional 823,817 shares in the last quarter.

Bitwise Bitcoin ETF Stock Up 4.4 %

NYSEARCA:BITB opened at $57.08 on Friday. Bitwise Bitcoin ETF has a 52 week low of $21.05 and a 52 week high of $59.07. The business’s 50 day moving average is $52.55 and its two-hundred day moving average is $40.55.

Bitwise Bitcoin ETF Company 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.