Bitwise Bitcoin ETF $BITB Position Reduced by WT Wealth Management

WT Wealth Management lessened its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 45.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,369 shares of the company’s stock after selling 30,576 shares during the period. WT Wealth Management owned 0.05% of Bitwise Bitcoin ETF worth $1,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BITB. GeoWealth Management LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter worth $32,000. Founders Capital Management boosted its position in Bitwise Bitcoin ETF by 105.9% during the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth approximately $34,000. Caitlin John LLC purchased a new position in shares of Bitwise Bitcoin ETF during the 3rd quarter valued at $49,000. Finally, Lodestone Wealth Management LLC purchased a new position in Bitwise Bitcoin ETF in the fourth quarter valued at about $38,000.

Bitwise Bitcoin ETF Trading Up 0.8%

NYSEARCA BITB opened at $32.37 on Friday. Bitwise Bitcoin ETF has a 12-month low of $31.49 and a 12-month high of $68.74. The company has a 50 day moving average price of $39.07 and a two-hundred day moving average price of $41.32.

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.