Traphagen Investment Advisors LLC Raises Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Traphagen Investment Advisors LLC increased its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 159,845 shares of the company’s stock after buying an additional 12,396 shares during the period. Bitwise Bitcoin ETF accounts for 0.8% of Traphagen Investment Advisors LLC’s portfolio, making the stock its 20th largest position. Traphagen Investment Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $8,128,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gleason Group Inc. purchased a new stake in Bitwise Bitcoin ETF during the 4th quarter worth about $25,000. Fairway Wealth LLC lifted its holdings in Bitwise Bitcoin ETF by 258.1% during the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock worth $38,000 after purchasing an additional 800 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Bitwise Bitcoin ETF during the 3rd quarter worth about $69,000. Farther Finance Advisors LLC lifted its holdings in Bitwise Bitcoin ETF by 6,150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock worth $86,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Bitwise Bitcoin ETF by 381.5% in the 3rd quarter. Allworth Financial LP now owns 2,557 shares of the company’s stock worth $88,000 after acquiring an additional 2,026 shares during the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of NYSEARCA BITB opened at $57.82 on Wednesday. The stock’s 50-day simple moving average is $52.74 and its two-hundred day simple moving average is $40.75. Bitwise Bitcoin ETF has a twelve month low of $21.05 and a twelve month high of $59.07.

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.