Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) Stock Price Down 6.3% – Should You Sell?

Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP)’s stock price traded down 6.3% on Thursday . The company traded as low as $24.08 and last traded at $24.08. 401 shares were traded during mid-day trading, a decline of 84% from the average session volume of 2,568 shares. The stock had previously closed at $25.70.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Stock Performance

The firm has a 50 day moving average price of $28.25 and a 200-day moving average price of $39.83.

Institutional Trading of Bitwise Bitcoin and Ether Equal Weight Strategy ETF

A hedge fund recently raised its stake in Bitwise Bitcoin and Ether Equal Weight Strategy ETF stock. Jane Street Group LLC raised its holdings in Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) by 18.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,755 shares of the company’s stock after buying an additional 3,264 shares during the quarter. Jane Street Group LLC owned 10.38% of Bitwise Bitcoin and Ether Equal Weight Strategy ETF worth $864,000 at the end of the most recent quarter.

About Bitwise Bitcoin and Ether Equal Weight Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.