Bitwise Bitcoin ETF $BITB Stock Holdings Cut by Kaleidoscope Capital LP

Kaleidoscope Capital LP trimmed its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 18.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 449,780 shares of the company’s stock after selling 99,619 shares during the quarter. Bitwise Bitcoin ETF accounts for approximately 8.2% of Kaleidoscope Capital LP’s portfolio, making the stock its 8th largest holding. Kaleidoscope Capital LP owned about 0.64% of Bitwise Bitcoin ETF worth $21,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Bitwise Bitcoin ETF by 12.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 142,317 shares of the company’s stock worth $8,855,000 after buying an additional 16,041 shares during the last quarter. Balance Wealth LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 65.0% in the 4th quarter. Balance Wealth LLC now owns 57,308 shares of the company’s stock worth $2,726,000 after buying an additional 22,567 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Bitwise Bitcoin ETF by 1,393.9% in the 4th quarter. Financial Management Professionals Inc. now owns 101,484 shares of the company’s stock worth $4,827,000 after buying an additional 94,691 shares during the last quarter. Wealthstar Advisors LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 215.9% in the 4th quarter. Wealthstar Advisors LLC now owns 22,240 shares of the company’s stock worth $1,058,000 after buying an additional 15,200 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 35.5% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 62,850 shares of the company’s stock worth $2,989,000 after buying an additional 16,463 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA:BITB opened at $34.52 on Friday. The company’s 50-day moving average is $39.99 and its 200 day moving average is $42.35. Bitwise Bitcoin ETF has a fifty-two week low of $32.10 and a fifty-two week high of $68.74.

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.