Ballew Advisors Inc Makes New Investment in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Ballew Advisors Inc bought a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the fourth quarter, HoldingsChannel.com reports. The fund bought 6,000 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors also recently made changes to their positions in BITB. Commonwealth Equity Services LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 29.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,950 shares of the company’s stock worth $587,000 after purchasing an additional 4,107 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Bitwise Bitcoin ETF by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 53,571 shares of the company’s stock worth $1,751,000 after buying an additional 2,943 shares during the period. Renaissance Technologies LLC increased its position in Bitwise Bitcoin ETF by 134.0% in the second quarter. Renaissance Technologies LLC now owns 62,000 shares of the company’s stock worth $2,027,000 after buying an additional 35,500 shares during the period. DRW Securities LLC bought a new stake in Bitwise Bitcoin ETF in the second quarter valued at $3,108,000. Finally, Millennium Management LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 71.3% during the second quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock valued at $64,711,000 after acquiring an additional 823,817 shares during the period.

Bitwise Bitcoin ETF Stock Up 4.4 %

BITB stock opened at $57.08 on Friday. The firm’s 50-day simple moving average is $52.55 and its 200 day simple moving average is $40.55. Bitwise Bitcoin ETF has a fifty-two week low of $21.05 and a fifty-two week 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.