Bitwise Bitcoin ETF (NYSEARCA:BITB) is Ovata Capital Management Ltd’s 5th Largest Position

Ovata Capital Management Ltd decreased its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 390,992 shares of the company’s stock after selling 79,000 shares during the period. Bitwise Bitcoin ETF makes up approximately 7.6% of Ovata Capital Management Ltd’s holdings, making the stock its 5th largest position. Ovata Capital Management Ltd’s holdings in Bitwise Bitcoin ETF were worth $19,954,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BITB. Gleason Group Inc. purchased a new stake in Bitwise Bitcoin ETF during the 4th quarter valued at approximately $25,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth approximately $56,000. Signaturefd LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 819.7% during the fourth quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock worth $62,000 after purchasing an additional 1,082 shares during the period. JPMorgan Chase & Co. purchased a new position in Bitwise Bitcoin ETF in the 4th quarter valued at $66,000. Finally, Hollencrest Capital Management increased its stake in Bitwise Bitcoin ETF by 257.2% in the 4th quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock valued at $77,000 after buying an additional 1,093 shares during the period.

Bitwise Bitcoin ETF Stock Performance

Shares of Bitwise Bitcoin ETF stock opened at $45.69 on Friday. Bitwise Bitcoin ETF has a one year low of $27.02 and a one year high of $59.07. The firm has a fifty day moving average of $49.26 and a two-hundred day moving average of $47.08.

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.