Summit Wealth Partners LLC Grows Stock Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Summit Wealth Partners LLC boosted its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 3.9% in the third quarter, Holdings Channel reports. The fund owned 32,277 shares of the company’s stock after buying an additional 1,217 shares during the quarter. Summit Wealth Partners LLC’s holdings in Bitwise Bitcoin ETF were worth $1,116,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Millennium Management LLC raised its position in shares of Bitwise Bitcoin ETF by 71.3% during the 2nd 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 increased its position in Bitwise Bitcoin ETF by 238.5% in the second quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock worth $62,065,000 after buying an additional 1,337,765 shares during the period. Jane Street Group LLC acquired a new stake in Bitwise Bitcoin ETF in the first quarter worth $53,788,000. IMC Chicago LLC increased its position in Bitwise Bitcoin ETF by 9.3% in the third quarter. IMC Chicago LLC now owns 646,743 shares of the company’s stock worth $22,371,000 after buying an additional 55,092 shares during the period. Finally, Hunting Hill Global Capital LLC acquired a new stake in Bitwise Bitcoin ETF in the second quarter worth $18,315,000.

Bitwise Bitcoin ETF Stock Down 2.7 %

Shares of NYSEARCA BITB opened at $38.08 on Friday. Bitwise Bitcoin ETF has a 1-year low of $21.05 and a 1-year high of $40.16. The business’s fifty day moving average price is $34.23 and its two-hundred day moving average price is $34.48.

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.