Sculptor Capital LP Trims Stock Position in Bitwise Bitcoin ETF $BITB

Sculptor Capital LP lessened its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 41.7% during the 4th quarter, Holdings Channel reports. The firm owned 321,399 shares of the company’s stock after selling 229,879 shares during the quarter. Sculptor Capital LP’s holdings in Bitwise Bitcoin ETF were worth $15,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Bitwise Bitcoin ETF by 12.7% in the third quarter. Envestnet Asset Management Inc. now owns 142,317 shares of the company’s stock valued at $8,855,000 after buying an additional 16,041 shares during the last quarter. Balance Wealth LLC raised its position in shares of Bitwise Bitcoin ETF by 65.0% in the fourth quarter. Balance Wealth LLC now owns 57,308 shares of the company’s stock valued at $2,726,000 after buying an additional 22,567 shares during the last quarter. Wealthstar Advisors LLC raised its position in shares of Bitwise Bitcoin ETF by 215.9% in the fourth quarter. Wealthstar Advisors LLC now owns 22,240 shares of the company’s stock valued at $1,058,000 after buying an additional 15,200 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of Bitwise Bitcoin ETF by 1,393.9% in the fourth quarter. Financial Management Professionals Inc. now owns 101,484 shares of the company’s stock valued at $4,827,000 after buying an additional 94,691 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Bitwise Bitcoin ETF by 35.5% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 62,850 shares of the company’s stock valued at $2,989,000 after buying an additional 16,463 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

NYSEARCA:BITB opened at $36.15 on Tuesday. The firm has a 50 day simple moving average of $39.99 and a 200-day simple moving average of $42.23. Bitwise Bitcoin ETF has a 1-year low of $32.10 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.