Farther Finance Advisors LLC boosted its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 6,150.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,500 shares of the company’s stock after acquiring an additional 2,460 shares during the quarter. Farther Finance Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $86,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Bitwise Bitcoin ETF during the first quarter valued at $53,788,000. Susquehanna International Group LLP raised its position in Bitwise Bitcoin ETF by 238.5% in the 2nd quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock worth $62,065,000 after purchasing an additional 1,337,765 shares during the period. Millennium Management LLC raised its position in Bitwise Bitcoin ETF by 71.3% in the 2nd quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock worth $64,711,000 after purchasing an additional 823,817 shares during the period. Hunting Hill Global Capital LLC bought a new stake in Bitwise Bitcoin ETF in the second quarter worth about $18,315,000. Finally, RPO LLC purchased a new position in shares of Bitwise Bitcoin ETF during the first quarter valued at approximately $11,423,000.
Bitwise Bitcoin ETF Stock Up 3.0 %
BITB opened at $48.83 on Wednesday. Bitwise Bitcoin ETF has a one year low of $21.05 and a one year high of $49.04. The stock’s 50 day moving average price is $35.29 and its 200-day moving average price is $34.76.
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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