Sanctuary Advisors LLC boosted its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 55.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 190,617 shares of the company’s stock after acquiring an additional 68,335 shares during the quarter. Sanctuary Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $7,017,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. GeoWealth Management LLC purchased a new position in shares of Bitwise Bitcoin ETF in the fourth quarter worth about $32,000. Founders Capital Management lifted its holdings in shares of Bitwise Bitcoin ETF by 105.9% during the fourth quarter. Founders Capital Management now owns 700 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Bitwise Bitcoin ETF in the fourth quarter valued at approximately $34,000. Lodestone Wealth Management LLC purchased a new stake in Bitwise Bitcoin ETF in the fourth quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Bitwise Bitcoin ETF by 262.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after buying an additional 643 shares during the period.
Bitwise Bitcoin ETF Price Performance
BITB opened at $34.82 on Friday. Bitwise Bitcoin ETF has a 12-month low of $31.49 and a 12-month high of $68.74. The firm has a 50 day moving average of $36.59 and a two-hundred day moving average of $39.84.
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.
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