Bitwise Bitcoin ETF (NYSEARCA:BITB) Shares Sold by Sheets Smith Wealth Management

Sheets Smith Wealth Management reduced its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,178 shares of the company’s stock after selling 1,623 shares during the period. Sheets Smith Wealth Management’s holdings in Bitwise Bitcoin ETF were worth $365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in Bitwise Bitcoin ETF by 56.3% in the 3rd quarter. CWM LLC now owns 22,548 shares of the company’s stock valued at $780,000 after purchasing an additional 8,125 shares in the last quarter. Wiser Wealth Management Inc raised its holdings in Bitwise Bitcoin ETF by 28.4% in the third quarter. Wiser Wealth Management Inc now owns 25,160 shares of the company’s stock valued at $870,000 after acquiring an additional 5,572 shares in the last quarter. Creative Planning grew its holdings in Bitwise Bitcoin ETF by 22.9% during the 3rd quarter. Creative Planning now owns 49,014 shares of the company’s stock worth $1,695,000 after acquiring an additional 9,139 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the 3rd quarter valued at approximately $341,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Bitwise Bitcoin ETF by 3,147.3% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 89,949 shares of the company’s stock valued at $2,940,000 after purchasing an additional 87,179 shares in the last quarter.

Bitwise Bitcoin ETF Stock Down 1.7 %

Bitwise Bitcoin ETF stock opened at $56.82 on Thursday. The company has a fifty day simple moving average of $52.92 and a 200-day simple moving average of $40.92. Bitwise Bitcoin ETF has a 12-month low of $21.05 and a 12-month 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.