Refined Wealth Management Boosts Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Refined Wealth Management raised its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,412 shares of the company’s stock after purchasing an additional 4,920 shares during the quarter. Bitwise Bitcoin ETF accounts for about 5.2% of Refined Wealth Management’s holdings, making the stock its 8th biggest holding. Refined Wealth Management’s holdings in Bitwise Bitcoin ETF were worth $6,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BITB. Gleason Group Inc. purchased a new position in shares of Bitwise Bitcoin ETF during the 4th quarter valued at about $25,000. Fairway Wealth LLC raised its stake in shares of 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 acquiring an additional 800 shares in the last quarter. Avior Wealth Management LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 3rd quarter worth approximately $69,000. Farther Finance Advisors LLC raised its position in Bitwise Bitcoin ETF by 6,150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock worth $86,000 after purchasing an additional 2,460 shares during the period. Finally, Allworth Financial LP lifted its stake in Bitwise Bitcoin ETF by 381.5% in the third quarter. Allworth Financial LP now owns 2,557 shares of the company’s stock worth $88,000 after purchasing an additional 2,026 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

NYSEARCA BITB opened at $57.08 on Monday. The stock has a 50-day moving average of $53.40 and a 200-day moving average of $41.37. Bitwise Bitcoin ETF has a 1-year low of $21.57 and a 1-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.