Bitwise Bitcoin ETF $BITB Shares Purchased by Arax Advisory Partners

Arax Advisory Partners raised its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 143.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,205 shares of the company’s stock after buying an additional 17,223 shares during the period. Arax Advisory Partners’ holdings in Bitwise Bitcoin ETF were worth $1,389,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Weaver Consulting Group grew its stake in shares of Bitwise Bitcoin ETF by 5.7% in the 3rd quarter. Weaver Consulting Group now owns 3,753 shares of the company’s stock worth $234,000 after purchasing an additional 202 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Bitwise Bitcoin ETF by 0.8% in the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock worth $1,318,000 after purchasing an additional 244 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Bitwise Bitcoin ETF by 1.7% in the 2nd quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock worth $886,000 after purchasing an additional 255 shares during the last quarter. Cary Street Partners Financial LLC grew its stake in shares of Bitwise Bitcoin ETF by 4.0% in the 3rd quarter. Cary Street Partners Financial LLC now owns 7,598 shares of the company’s stock worth $473,000 after purchasing an additional 295 shares during the last quarter. Finally, NewEdge Wealth LLC increased its position in shares of Bitwise Bitcoin ETF by 4.3% in the fourth quarter. NewEdge Wealth LLC now owns 7,609 shares of the company’s stock worth $362,000 after acquiring an additional 312 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

Bitwise Bitcoin ETF stock opened at $36.15 on Tuesday. The firm’s 50 day simple moving average is $39.99 and its 200-day simple moving average is $42.23. Bitwise Bitcoin ETF has a fifty-two week low of $32.10 and a fifty-two week high of $68.74.

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.