Traphagen Investment Advisors LLC increased its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,449 shares of the company’s stock after purchasing an additional 3,740 shares during the period. Bitwise Bitcoin ETF accounts for 0.5% of Traphagen Investment Advisors LLC’s portfolio, making the stock its 25th largest position. Traphagen Investment Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $5,100,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in Bitwise Bitcoin ETF in the first quarter valued at $20,530,000. Sound Income Strategies LLC acquired a new position in Bitwise Bitcoin ETF during the 1st quarter valued at about $43,000. Brookstone Capital Management acquired a new position in Bitwise Bitcoin ETF during the 1st quarter valued at about $357,000. RFG Holdings Inc. bought a new position in Bitwise Bitcoin ETF in the 1st quarter worth about $217,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the first quarter valued at approximately $1,095,000.
Bitwise Bitcoin ETF Stock Performance
Shares of NYSEARCA BITB traded down $0.16 during midday trading on Tuesday, hitting $36.76. 498,298 shares of the company’s stock were exchanged, compared to its average volume of 2,356,502. Bitwise Bitcoin ETF has a twelve month low of $21.05 and a twelve month high of $40.16. The stock’s 50 day moving average price is $33.41 and its 200-day moving average price is $34.47.
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.
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