Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Trading Down 0% – What’s Next?

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC)’s stock price dropped 0% on Wednesday . The stock traded as low as $36.29 and last traded at $36.29. 1,459 shares were traded during trading, a decline of 69% from the average daily volume of 4,768 shares. The stock had previously closed at $36.30.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Down 0.0%

The firm’s fifty day moving average is $39.02 and its 200 day moving average is $37.74.

Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

An institutional investor recently raised its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC raised its stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 78.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,157 shares of the company’s stock after buying an additional 4,450 shares during the period. Jane Street Group LLC owned 2.26% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $422,000 at the end of the most recent quarter.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.