Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $43.61 and traded as high as $43.80. Bitwise Bitcoin ETF shares last traded at $43.78, with a volume of 502,139 shares.
Bitwise Bitcoin ETF Price Performance
The business’s 50 day simple moving average is $43.93 and its 200 day simple moving average is $39.88.
Institutional Trading of Bitwise Bitcoin ETF
Several large investors have recently modified their holdings of BITB. RFG Advisory LLC grew its position in Bitwise Bitcoin ETF by 34.9% in the second quarter. RFG Advisory LLC now owns 114,140 shares of the company’s stock worth $3,636,000 after acquiring an additional 29,558 shares in the last quarter. Crumly & Associates Inc. raised its position in Bitwise Bitcoin ETF by 8.6% during the third quarter. Crumly & Associates Inc. now owns 270,391 shares of the company’s stock valued at $12,265,000 after purchasing an additional 21,347 shares in the last quarter. Bank of America Corp DE raised its position in Bitwise Bitcoin ETF by 134.2% during the first quarter. Bank of America Corp DE now owns 216,907 shares of the company’s stock valued at $7,984,000 after purchasing an additional 124,299 shares in the last quarter. Seal Cove Capital LLC bought a new stake in Bitwise Bitcoin ETF during the first quarter worth about $1,297,000. Finally, Atomic Invest LLC lifted its stake in Bitwise Bitcoin ETF by 34.4% during the second quarter. Atomic Invest LLC now owns 239,200 shares of the company’s stock worth $7,833,000 after purchasing an additional 61,224 shares during the last quarter.
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.
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