Smith Anglin Financial LLC Purchases 5,679 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Smith Anglin Financial LLC grew its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 32.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,131 shares of the company’s stock after buying an additional 5,679 shares during the quarter. Smith Anglin Financial LLC’s holdings in Bitwise Bitcoin ETF were worth $1,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Susquehanna International Group LLP raised its position in Bitwise Bitcoin ETF by 238.5% during the second quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock valued at $62,065,000 after purchasing an additional 1,337,765 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Bitwise Bitcoin ETF by 71.3% during 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 during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Bitwise Bitcoin ETF by 4,033.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock valued at $9,585,000 after purchasing an additional 270,396 shares during the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of Bitwise Bitcoin ETF by 135.7% during the third quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock worth $7,333,000 after buying an additional 122,045 shares during the last quarter. Finally, DRW Securities LLC bought a new position in Bitwise Bitcoin ETF in the second quarter valued at about $3,108,000.

Bitwise Bitcoin ETF Stock Up 3.0 %

Bitwise Bitcoin ETF stock opened at $54.07 on Wednesday. The business has a 50 day moving average of $51.73 and a 200-day moving average of $40.13. Bitwise Bitcoin ETF has a 1 year low of $21.05 and a 1 year high of $59.07.

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.