OxenFree Capital LLC Raises Position in Bitwise Ethereum ETF (NYSEARCA:ETHW)

OxenFree Capital LLC raised its stake in shares of Bitwise Ethereum ETF (NYSEARCA:ETHW) by 20.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,889 shares of the company’s stock after purchasing an additional 2,347 shares during the period. OxenFree Capital LLC owned 0.11% of Bitwise Ethereum ETF worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC purchased a new stake in Bitwise Ethereum ETF during the fourth quarter valued at approximately $206,000. Arete Wealth Advisors LLC purchased a new stake in Bitwise Ethereum ETF during the fourth quarter valued at approximately $233,000. Balboa Wealth Partners purchased a new stake in Bitwise Ethereum ETF during the fourth quarter valued at approximately $243,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Bitwise Ethereum ETF during the fourth quarter valued at approximately $251,000. Finally, EPIQ Capital Group LLC purchased a new stake in Bitwise Ethereum ETF during the fourth quarter valued at approximately $384,000.

Bitwise Ethereum ETF Trading Down 3.1%

Shares of NYSEARCA ETHW opened at $17.33 on Friday. The business’s 50 day moving average price is $16.22 and its 200-day moving average price is $18.50. Bitwise Ethereum ETF has a fifty-two week low of $10.42 and a fifty-two week high of $29.52.

Bitwise Ethereum ETF Company Profile

The Bitwise Ethereum ETF (ETHW) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.