Lido Advisors LLC Acquires Shares of 71,341 Bitwise Ethereum ETF $ETHW

Lido Advisors LLC acquired a new position in shares of Bitwise Ethereum ETF (NYSEARCA:ETHW) in the first quarter, HoldingsChannel.com reports. The fund acquired 71,341 shares of the company’s stock, valued at approximately $1,070,000.

Several other hedge funds also recently made changes to their positions in ETHW. Quadrature Capital Ltd acquired a new position in shares of Bitwise Ethereum ETF during the fourth quarter worth about $6,767,000. Schonfeld Strategic Advisors LLC lifted its position in Bitwise Ethereum ETF by 42.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 712,700 shares of the company’s stock valued at $21,253,000 after purchasing an additional 212,700 shares during the period. Wells Fargo & Company MN boosted its holdings in Bitwise Ethereum ETF by 373,526.0% in the 4th quarter. Wells Fargo & Company MN now owns 186,813 shares of the company’s stock valued at $3,974,000 after purchasing an additional 186,763 shares in the last quarter. Focus Partners Wealth purchased a new stake in Bitwise Ethereum ETF in the 4th quarter valued at approximately $3,094,000. Finally, Renaissance Technologies LLC acquired a new position in Bitwise Ethereum ETF during the 4th quarter worth approximately $1,853,000.

Bitwise Ethereum ETF Price Performance

Shares of ETHW stock opened at $13.93 on Tuesday. The stock has a 50 day simple moving average of $12.98 and a 200-day simple moving average of $15.38. Bitwise Ethereum ETF has a 12-month low of $10.93 and a 12-month high of $34.84.

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.