Envestnet Asset Management Inc. Purchases 16,041 Shares of Bitwise Bitcoin ETF $BITB

Envestnet Asset Management Inc. raised its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,317 shares of the company’s stock after buying an additional 16,041 shares during the period. Envestnet Asset Management Inc.’s holdings in Bitwise Bitcoin ETF were worth $8,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in Bitwise Bitcoin ETF during the 3rd quarter valued at $29,000. North Star Investment Management Corp. boosted its stake in Bitwise Bitcoin ETF by 85.6% in the third quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock valued at $38,000 after buying an additional 285 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Bitwise Bitcoin ETF by 722.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 781 shares of the company’s stock valued at $49,000 after purchasing an additional 686 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Bitwise Bitcoin ETF during the third quarter worth $52,000. Finally, Fairway Wealth LLC grew its position in Bitwise Bitcoin ETF by 51.1% during the 3rd quarter. Fairway Wealth LLC now owns 1,677 shares of the company’s stock worth $104,000 after acquiring an additional 567 shares during the last quarter.

Bitwise Bitcoin ETF Trading Up 1.4%

NYSEARCA BITB opened at $36.45 on Friday. Bitwise Bitcoin ETF has a 12 month low of $33.81 and a 12 month high of $68.74. The business’s 50-day moving average price is $45.56 and its two-hundred day moving average price is $54.14.

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.