Soltis Investment Advisors LLC Reduces Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Soltis Investment Advisors LLC trimmed its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 71.6% in the 4th quarter, Holdings Channel reports. The fund owned 27,200 shares of the company’s stock after selling 68,670 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $1,383,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Shore Point Advisors LLC increased its stake in 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. bought a new stake in Bitwise Bitcoin ETF during the 4th quarter valued at about $25,000. Fairway Wealth LLC increased its stake 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 purchasing an additional 800 shares in the last quarter. Echo45 Advisors LLC increased its stake in Bitwise Bitcoin ETF by 11.0% during the 4th quarter. Echo45 Advisors LLC now owns 8,728 shares of the company’s stock valued at $468,000 after purchasing an additional 868 shares in the last quarter. Finally, RFG Holdings Inc. increased its stake in Bitwise Bitcoin ETF by 13.7% during the 4th quarter. RFG Holdings Inc. now owns 8,232 shares of the company’s stock valued at $419,000 after purchasing an additional 995 shares in the last quarter.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA:BITB opened at $52.99 on Tuesday. Bitwise Bitcoin ETF has a fifty-two week low of $26.27 and a fifty-two week high of $59.07. The firm has a 50-day simple moving average of $53.94 and a two-hundred day simple moving average of $42.88.

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.