Bitwise Bitcoin ETF $BITB Shares Acquired by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC lifted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 246,265 shares of the company’s stock after purchasing an additional 10,649 shares during the quarter. Bitwise Bitcoin ETF makes up 1.3% of Traphagen Investment Advisors LLC’s portfolio, making the stock its 13th largest holding. Traphagen Investment Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $15,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sculptor Capital LP bought a new position in Bitwise Bitcoin ETF in the first quarter worth about $16,488,000. Hunting Hill Global Capital LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 2nd quarter worth approximately $12,157,000. Beaird Harris Wealth Management LLC raised its position in shares of Bitwise Bitcoin ETF by 53.2% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 535,732 shares of the company’s stock worth $24,044,000 after purchasing an additional 185,930 shares during the period. DRW Securities LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 1st quarter worth approximately $7,853,000. Finally, Carter Financial Group INC. acquired a new position in Bitwise Bitcoin ETF during the 2nd quarter valued at approximately $7,627,000.

Bitwise Bitcoin ETF Stock Performance

Shares of BITB opened at $47.59 on Wednesday. Bitwise Bitcoin ETF has a 12 month low of $41.17 and a 12 month high of $68.74. The stock has a fifty day moving average price of $54.54 and a 200 day moving average price of $58.97.

About Bitwise Bitcoin ETF

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.