WT Wealth Management Sells 30,576 Shares of Bitwise Bitcoin ETF $BITB

WT Wealth Management reduced its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 45.0% in the 1st quarter, Holdings Channel reports. The firm owned 37,369 shares of the company’s stock after selling 30,576 shares during the period. WT Wealth Management’s holdings in Bitwise Bitcoin ETF were worth $1,376,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in BITB. Millennium Management LLC raised its position in shares of Bitwise Bitcoin ETF by 2.9% in the fourth quarter. Millennium Management LLC now owns 3,605,179 shares of the company’s stock valued at $171,462,000 after purchasing an additional 102,140 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 40.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock worth $52,578,000 after buying an additional 315,860 shares during the period. Wells Fargo & Company MN grew its stake in Bitwise Bitcoin ETF by 323.9% in the 4th quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock valued at $39,051,000 after buying an additional 627,405 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Bitwise Bitcoin ETF by 11.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 775,287 shares of the company’s stock valued at $36,873,000 after buying an additional 82,186 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in Bitwise Bitcoin ETF by 18.9% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 768,789 shares of the company’s stock worth $36,564,000 after acquiring an additional 122,276 shares during the period.

Bitwise Bitcoin ETF Price Performance

Bitwise Bitcoin ETF stock opened at $32.37 on Friday. Bitwise Bitcoin ETF has a fifty-two week low of $31.49 and a fifty-two week high of $68.74. The firm has a fifty day moving average price of $39.07 and a two-hundred day moving average price of $41.32.

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.