Millennium Management LLC Reduces Stake in Bitwise Bitcoin ETF $BITB

Millennium Management LLC lowered its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,503,039 shares of the company’s stock after selling 12,659 shares during the quarter. Millennium Management LLC owned 0.05% of Bitwise Bitcoin ETF worth $217,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA bought a new position in Bitwise Bitcoin ETF in the third quarter valued at about $29,000. North Star Investment Management Corp. boosted its position in Bitwise Bitcoin ETF by 85.6% in the third quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock worth $38,000 after purchasing an additional 285 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Bitwise Bitcoin ETF by 722.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 781 shares of the company’s stock valued at $49,000 after purchasing an additional 686 shares during the period. Caitlin John LLC bought a new stake in shares of Bitwise Bitcoin ETF during the 3rd quarter valued at about $49,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the 3rd quarter valued at about $52,000.

Bitwise Bitcoin ETF Trading Up 3.9%

Shares of NYSEARCA:BITB opened at $40.18 on Tuesday. The firm’s 50 day moving average price is $42.08 and its 200-day moving average price is $51.00. Bitwise Bitcoin ETF has a twelve month low of $33.81 and a twelve month 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.