a16z Perennial Management L.P. Makes New $812,000 Investment in Bitwise Bitcoin ETF (NYSEARCA:BITB)

a16z Perennial Management L.P. purchased a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,961 shares of the company’s stock, valued at approximately $812,000. Bitwise Bitcoin ETF makes up about 0.1% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shore Point Advisors LLC increased its holdings in Bitwise Bitcoin ETF by 4.2% during the 4th quarter. Shore Point Advisors LLC now owns 6,189 shares of the company’s stock worth $315,000 after purchasing an additional 250 shares in the last quarter. Gleason Group Inc. bought a new stake in shares of Bitwise Bitcoin ETF in the fourth quarter worth $25,000. Fairway Wealth LLC boosted its holdings in Bitwise Bitcoin ETF by 258.1% during the third quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock worth $38,000 after purchasing an additional 800 shares during the last quarter. Echo45 Advisors LLC grew its position in Bitwise Bitcoin ETF by 11.0% in the fourth quarter. Echo45 Advisors LLC now owns 8,728 shares of the company’s stock valued at $468,000 after purchasing an additional 868 shares in the last quarter. Finally, RFG Holdings Inc. increased its stake in Bitwise Bitcoin ETF by 13.7% in the 4th quarter. RFG Holdings Inc. now owns 8,232 shares of the company’s stock valued at $419,000 after buying an additional 995 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA:BITB opened at $52.17 on Monday. The company’s 50-day moving average price is $53.94 and its two-hundred day moving average price is $42.84. Bitwise Bitcoin ETF has a one year low of $24.49 and a one year high of $59.07.

Bitwise Bitcoin ETF Company 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.