Elequin Capital LP Invests $37.44 Million in Bitwise Ethereum ETF (NYSEARCA:ETHW)

Elequin Capital LP purchased a new stake in Bitwise Ethereum ETF (NYSEARCA:ETHW) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,561,785 shares of the company’s stock, valued at approximately $37,436,000. Bitwise Ethereum ETF accounts for about 3.0% of Elequin Capital LP’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HBK Investments L P lifted its holdings in shares of Bitwise Ethereum ETF by 29.6% in the 4th quarter. HBK Investments L P now owns 490,324 shares of the company’s stock worth $11,753,000 after acquiring an additional 112,096 shares during the last quarter. Beam Wealth Advisors Inc. lifted its stake in Bitwise Ethereum ETF by 73.7% during the fourth quarter. Beam Wealth Advisors Inc. now owns 151,383 shares of the company’s stock worth $3,629,000 after purchasing an additional 64,245 shares in the last quarter. Betterment LLC lifted its stake in Bitwise Ethereum ETF by 97.2% during the fourth quarter. Betterment LLC now owns 90,453 shares of the company’s stock worth $2,168,000 after purchasing an additional 44,574 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Bitwise Ethereum ETF by 174.4% during the fourth quarter. Ieq Capital LLC now owns 54,178 shares of the company’s stock worth $1,299,000 after buying an additional 34,433 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Bitwise Ethereum ETF in the fourth quarter valued at $808,000.

Bitwise Ethereum ETF Stock Performance

Shares of Bitwise Ethereum ETF stock opened at $17.96 on Wednesday. The business has a 50-day moving average of $13.68 and a 200 day moving average of $19.23. Bitwise Ethereum ETF has a 12 month low of $10.42 and a 12 month high of $29.52.

Bitwise Ethereum ETF Company Profile

The Bitwise Ethereum ETF (ETHW) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.