Tidal Investments LLC Grows Stock Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Tidal Investments LLC raised its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 43.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,797 shares of the company’s stock after acquiring an additional 61,499 shares during the quarter. Tidal Investments LLC’s holdings in Bitwise Bitcoin ETF were worth $6,980,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Susquehanna International Group LLP lifted its stake in shares of Bitwise Bitcoin ETF by 238.5% in the second quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock worth $62,065,000 after acquiring an additional 1,337,765 shares in the last quarter. Millennium Management LLC raised its position in shares of Bitwise Bitcoin ETF by 71.3% in the 2nd quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock valued at $64,711,000 after purchasing an additional 823,817 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Bitwise Bitcoin ETF by 4,033.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock valued at $9,585,000 after buying an additional 270,396 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the second quarter worth approximately $3,108,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of Bitwise Bitcoin ETF by 3,147.3% in the second quarter. Beaird Harris Wealth Management LLC now owns 89,949 shares of the company’s stock worth $2,940,000 after buying an additional 87,179 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of BITB stock opened at $55.40 on Friday. The firm has a fifty day moving average of $44.09 and a two-hundred day moving average of $37.49. Bitwise Bitcoin ETF has a 1-year low of $21.05 and a 1-year high of $56.56.

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.