Bitwise Bitcoin ETF $BITB Shares Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC increased its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 25.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 311,959 shares of the company’s stock after buying an additional 62,757 shares during the period. Bitwise Bitcoin ETF comprises approximately 1.1% of Magnus Financial Group LLC’s holdings, making the stock its 20th biggest position. Magnus Financial Group LLC’s holdings in Bitwise Bitcoin ETF were worth $14,837,000 as of its most recent filing with the Securities & Exchange Commission.

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

Bitwise Bitcoin ETF Stock Down 0.1%

BITB stock opened at $38.13 on Friday. Bitwise Bitcoin ETF has a one year low of $33.81 and a one year high of $68.74. The firm’s 50 day moving average price is $41.22 and its 200-day moving average price is $50.48.

Bitwise Bitcoin ETF Company 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.