Adamsbrown Wealth Consultants LLC Purchases New Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Adamsbrown Wealth Consultants LLC acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 4th quarter, HoldingsChannel reports. The fund acquired 11,075 shares of the company’s stock, valued at approximately $563,000.

Several other institutional investors have also added to or reduced their stakes in the company. HBK Investments L P increased its holdings in Bitwise Bitcoin ETF by 5.7% during the third quarter. HBK Investments L P now owns 850,554 shares of the company’s stock valued at $29,421,000 after buying an additional 46,124 shares during the period. IMC Chicago LLC grew its holdings in shares of Bitwise Bitcoin ETF by 9.3% during the third quarter. IMC Chicago LLC now owns 646,743 shares of the company’s stock valued at $22,371,000 after buying an additional 55,092 shares during the last quarter. RPO LLC lifted its position in Bitwise Bitcoin ETF by 3.2% during the third quarter. RPO LLC now owns 304,385 shares of the company’s stock valued at $10,529,000 after purchasing an additional 9,300 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Bitwise Bitcoin ETF by 4,033.4% in the third quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock worth $9,585,000 after acquiring an additional 270,396 shares during the period. Finally, RPg Family Wealth Advisory LLC increased its stake in shares of Bitwise Bitcoin ETF by 1.4% during the third quarter. RPg Family Wealth Advisory LLC now owns 228,807 shares of the company’s stock worth $7,914,000 after purchasing an additional 3,220 shares in the last quarter.

Bitwise Bitcoin ETF Stock Down 3.1 %

Shares of NYSEARCA BITB opened at $55.26 on Monday. The company has a 50-day moving average of $53.79 and a 200 day moving average of $42.22. Bitwise Bitcoin ETF has a 12-month low of $23.03 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.