a16z Perennial Management L.P. Takes Position in Bitwise Ethereum ETF (NYSEARCA:ETHW)

a16z Perennial Management L.P. acquired a new position in Bitwise Ethereum ETF (NYSEARCA:ETHW) in the 4th quarter, Holdings Channel reports. The firm acquired 22,197 shares of the company’s stock, valued at approximately $532,000. Bitwise Ethereum ETF comprises 0.1% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETHW. Atria Investments Inc acquired a new stake in shares of Bitwise Ethereum ETF during the third quarter valued at about $457,000. HBK Investments L P purchased a new position in shares of Bitwise Ethereum ETF during the 3rd quarter worth approximately $7,043,000. Ieq Capital LLC increased its holdings in Bitwise Ethereum ETF by 174.4% in the 4th quarter. Ieq Capital LLC now owns 54,178 shares of the company’s stock valued at $1,299,000 after purchasing an additional 34,433 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in Bitwise Ethereum ETF in the fourth quarter valued at approximately $239,000. Finally, Highline Wealth Partners LLC lifted its stake in Bitwise Ethereum ETF by 28.7% during the fourth quarter. Highline Wealth Partners LLC now owns 21,981 shares of the company’s stock worth $527,000 after purchasing an additional 4,897 shares in the last quarter.

Bitwise Ethereum ETF Stock Performance

ETHW opened at $15.34 on Wednesday. Bitwise Ethereum ETF has a 52 week low of $14.32 and a 52 week high of $29.52. The business has a fifty day simple moving average of $21.71 and a 200-day simple moving average of $20.98.

About Bitwise Ethereum ETF

The Bitwise Ethereum ETF (ETHW) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.