Advance Capital Management Inc. Grows Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Advance Capital Management Inc. raised its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 30.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,069 shares of the company’s stock after acquiring an additional 29,855 shares during the quarter. Bitwise Bitcoin ETF comprises approximately 0.3% of Advance Capital Management Inc.’s portfolio, making the stock its 19th biggest holding. Advance Capital Management Inc.’s holdings in Bitwise Bitcoin ETF were worth $6,512,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its stake in Bitwise Bitcoin ETF by 71.3% during the second quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock valued at $64,711,000 after acquiring an additional 823,817 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Bitwise Bitcoin ETF by 238.5% in the 2nd quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock valued at $62,065,000 after acquiring an additional 1,337,765 shares in the last quarter. HBK Investments L P boosted its position in shares of Bitwise Bitcoin ETF by 5.7% during the 3rd quarter. HBK Investments L P now owns 850,554 shares of the company’s stock valued at $29,421,000 after acquiring an additional 46,124 shares during the last quarter. 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 worth $22,371,000 after purchasing an additional 55,092 shares in the last quarter. Finally, RPO LLC increased its position in shares of Bitwise Bitcoin ETF by 3.2% in the third quarter. RPO LLC now owns 304,385 shares of the company’s stock worth $10,529,000 after purchasing an additional 9,300 shares during the last quarter.

Bitwise Bitcoin ETF Trading Up 3.9 %

Bitwise Bitcoin ETF stock traded up $2.09 during mid-day trading on Monday, hitting $55.66. 2,134,522 shares of the company traded hands, compared to its average volume of 1,981,889. Bitwise Bitcoin ETF has a one year low of $21.05 and a one year high of $59.07. The stock has a fifty day moving average price of $49.76 and a 200-day moving average price of $39.26.

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.