Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Trading Up 5.9% – What’s Next?

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) shares rose 5.9% on Thursday . The stock traded as high as $42.28 and last traded at $42.28. Approximately 1,807 shares changed hands during trading, a decline of 60% from the average session volume of 4,514 shares. The stock had previously closed at $39.92.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

The company’s 50-day simple moving average is $37.14 and its 200 day simple moving average is $37.81.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

An institutional investor recently raised its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC boosted its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,711 shares of the company’s stock after buying an additional 1,013 shares during the quarter. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 at the end of the most recent quarter.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.