Maridea Wealth Management LLC Acquires Shares of 12,035 Bitwise Bitcoin ETF (NYSEARCA:BITB)

Maridea Wealth Management LLC bought a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,035 shares of the company’s stock, valued at approximately $612,000.

Other large investors have also modified their holdings of the company. Shore Point Advisors LLC grew its position in Bitwise Bitcoin ETF by 4.2% in the fourth quarter. Shore Point Advisors LLC now owns 6,189 shares of the company’s stock valued at $315,000 after acquiring an additional 250 shares in the last quarter. Clarity Capital Partners LLC boosted its stake in shares of Bitwise Bitcoin ETF by 4.2% in the fourth quarter. Clarity Capital Partners LLC now owns 8,350 shares of the company’s stock valued at $425,000 after purchasing an additional 336 shares during the period. Gleason Group Inc. acquired a new stake in Bitwise Bitcoin ETF during the 4th quarter valued at $25,000. MRP Capital Investments LLC increased its stake in Bitwise Bitcoin ETF by 2.3% during the 4th quarter. MRP Capital Investments LLC now owns 31,028 shares of the company’s stock worth $1,578,000 after buying an additional 700 shares during the period. Finally, Echo45 Advisors LLC increased its stake in Bitwise Bitcoin ETF by 11.0% during the 4th quarter. Echo45 Advisors LLC now owns 8,728 shares of the company’s stock worth $468,000 after buying an additional 868 shares during the period.

Bitwise Bitcoin ETF Price Performance

NYSEARCA:BITB opened at $45.58 on Friday. The firm has a 50-day moving average of $50.39 and a two-hundred day moving average of $46.60. Bitwise Bitcoin ETF has a 1-year low of $27.02 and a 1-year high of $59.07.

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.