17,617 Shares in Bitwise Bitcoin ETF (NYSEARCA:BITB) Acquired by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC acquired a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,617 shares of the company’s stock, valued at approximately $682,000.

Several other institutional investors have also added to or reduced their stakes in BITB. Ballew Advisors Inc purchased a new stake in Bitwise Bitcoin ETF during the first quarter valued at $230,000. Morton Capital Management LLC CA purchased a new stake in shares of Bitwise Bitcoin ETF during the first quarter worth about $249,000. IMC Chicago LLC purchased a new position in shares of Bitwise Bitcoin ETF in the first quarter worth $20,530,000. Sound Income Strategies LLC bought a new position in shares of Bitwise Bitcoin ETF during the first quarter worth $43,000. Finally, Brookstone Capital Management purchased a new position in Bitwise Bitcoin ETF during the first quarter valued at $357,000.

Bitwise Bitcoin ETF Trading Up 4.9 %

Shares of BITB stock traded up $1.71 during trading hours on Friday, hitting $36.96. The stock had a trading volume of 2,077,624 shares, compared to its average volume of 2,464,409. Bitwise Bitcoin ETF has a one year low of $21.05 and a one year high of $40.16. The business has a 50-day simple moving average of $35.40.

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.