Bitwise Bitcoin ETF $BITB Shares Bought by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 28.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,429 shares of the company’s stock after acquiring an additional 10,855 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.07% of Bitwise Bitcoin ETF worth $3,013,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BITB. PNC Financial Services Group Inc. increased its stake in Bitwise Bitcoin ETF by 10.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 501,955 shares of the company’s stock worth $29,410,000 after purchasing an additional 47,764 shares in the last quarter. CWM LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 17.7% in the third quarter. CWM LLC now owns 250,539 shares of the company’s stock worth $15,589,000 after buying an additional 37,732 shares during the period. Magnus Financial Group LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 42.2% in the third quarter. Magnus Financial Group LLC now owns 249,202 shares of the company’s stock worth $15,505,000 after buying an additional 74,010 shares during the period. Traphagen Investment Advisors LLC grew its position in Bitwise Bitcoin ETF by 4.5% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 246,265 shares of the company’s stock worth $15,323,000 after purchasing an additional 10,649 shares in the last quarter. Finally, Hunting Hill Global Capital LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the second quarter worth $12,157,000.

Bitwise Bitcoin ETF Price Performance

NYSEARCA:BITB opened at $51.90 on Friday. The business’s fifty day moving average price is $49.42 and its 200 day moving average price is $57.55. Bitwise Bitcoin ETF has a 1-year low of $41.17 and a 1-year high of $68.74.

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.