Cwm LLC Has $15.59 Million Position in Bitwise Bitcoin ETF $BITB

Cwm LLC grew its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 17.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 250,539 shares of the company’s stock after acquiring an additional 37,732 shares during the period. Cwm LLC’s holdings in Bitwise Bitcoin ETF were worth $15,589,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BITB. Private Trust Co. NA acquired a new stake in Bitwise Bitcoin ETF during the third quarter valued at $29,000. Ameritas Advisory Services LLC acquired a new position in Bitwise Bitcoin ETF in the 2nd quarter worth about $46,000. WPG Advisers LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth about $38,000. Sound Income Strategies LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 66.5% during the 3rd quarter. Sound Income Strategies LLC now owns 1,836 shares of the company’s stock valued at $121,000 after buying an additional 733 shares during the last quarter. Finally, ROSS JOHNSON & Associates LLC grew its stake in shares of Bitwise Bitcoin ETF by 207.4% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 2,087 shares of the company’s stock valued at $94,000 after buying an additional 1,408 shares in the last quarter.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA:BITB opened at $47.54 on Friday. The stock’s 50 day moving average price is $52.15 and its 200 day moving average price is $58.38. Bitwise Bitcoin ETF has a 52 week low of $41.17 and a 52 week high of $68.74.

Bitwise Bitcoin ETF Company 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.