Bonfire Financial purchased a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 13,022 shares of the company’s stock, valued at approximately $662,000. Bitwise Bitcoin ETF accounts for 0.6% of Bonfire Financial’s portfolio, making the stock its 29th biggest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Shore Point Advisors LLC boosted its stake in shares of Bitwise Bitcoin ETF by 4.2% during the 4th quarter. Shore Point Advisors LLC now owns 6,189 shares of the company’s stock valued at $315,000 after purchasing an additional 250 shares in the last quarter. Gleason Group Inc. purchased a new stake in Bitwise Bitcoin ETF in the fourth quarter worth about $25,000. Fairway Wealth LLC boosted its position in Bitwise Bitcoin ETF by 258.1% during the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after acquiring an additional 800 shares in the last quarter. Echo45 Advisors LLC grew its holdings in shares of Bitwise Bitcoin ETF by 11.0% during the 4th quarter. Echo45 Advisors LLC now owns 8,728 shares of the company’s stock worth $468,000 after acquiring an additional 868 shares during the period. Finally, RFG Holdings Inc. raised its position in shares of Bitwise Bitcoin ETF by 13.7% in the 4th quarter. RFG Holdings Inc. now owns 8,232 shares of the company’s stock worth $419,000 after acquiring an additional 995 shares in the last quarter.
Bitwise Bitcoin ETF Stock Performance
BITB opened at $52.99 on Tuesday. Bitwise Bitcoin ETF has a 52 week low of $26.27 and a 52 week high of $59.07. The business has a 50 day moving average of $53.94 and a 200-day moving average of $42.88.
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.
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Want to see what other hedge funds are holding BITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report).
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