Sculptor Capital LP Decreases Stock Holdings in Bitwise Bitcoin ETF $BITB

Sculptor Capital LP lowered its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,399 shares of the company’s stock after selling 229,879 shares during the period. Sculptor Capital LP owned about 0.46% of Bitwise Bitcoin ETF worth $15,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Bitwise Bitcoin ETF by 323.9% in the fourth quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock valued at $39,051,000 after purchasing an additional 627,405 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Bitwise Bitcoin ETF by 11.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 775,287 shares of the company’s stock valued at $36,873,000 after purchasing an additional 82,186 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 8.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 646,513 shares of the company’s stock valued at $40,226,000 after purchasing an additional 50,131 shares in the last quarter. Kaleidoscope Capital LP lifted its holdings in shares of Bitwise Bitcoin ETF by 33.3% in the third quarter. Kaleidoscope Capital LP now owns 549,399 shares of the company’s stock valued at $34,184,000 after purchasing an additional 137,270 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 168.9% in the third quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock valued at $33,118,000 after purchasing an additional 334,296 shares in the last quarter.

Bitwise Bitcoin ETF Stock Up 4.7%

Shares of NYSEARCA BITB opened at $36.15 on Tuesday. Bitwise Bitcoin ETF has a 12-month low of $32.10 and a 12-month high of $68.74. The firm’s 50-day moving average is $39.99 and its two-hundred day moving average is $42.23.

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.