Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) to Issue $1.23 Annual Dividend

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) announced an annual dividend on Wednesday, December 24th. Shareholders of record on Friday, December 26th will be given a dividend of 1.2256 per share on Tuesday, December 30th. This represents a yield of 325.0%. The ex-dividend date of this dividend is Friday, December 26th.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

Shares of BITC opened at $37.71 on Friday. The firm has a fifty day simple moving average of $40.30 and a two-hundred day simple moving average of $44.78. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1-year low of $37.49 and a 1-year high of $51.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brookwood Investment Group LLC increased its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 13.7% during the 3rd quarter. Brookwood Investment Group LLC now owns 5,039 shares of the company’s stock valued at $228,000 after purchasing an additional 607 shares during the last quarter. Dagco Inc. purchased a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the third quarter valued at approximately $76,000. Atria Investments Inc raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 18.4% in the second quarter. Atria Investments Inc now owns 13,932 shares of the company’s stock worth $632,000 after acquiring an additional 2,169 shares during the period. Jane Street Group LLC raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 78.0% in the first quarter. Jane Street Group LLC now owns 10,157 shares of the company’s stock worth $422,000 after acquiring an additional 4,450 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 1st quarter worth $1,461,000.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.