a16z Perennial Management L.P. Purchases New Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

a16z Perennial Management L.P. acquired a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,961 shares of the company’s stock, valued at approximately $812,000. Bitwise Bitcoin ETF accounts for 0.1% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Washburn Capital Management Inc. bought a new position in shares of Bitwise Bitcoin ETF during the fourth quarter worth approximately $228,000. Kingsview Wealth Management LLC increased its position in Bitwise Bitcoin ETF by 417.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 47,940 shares of the company’s stock worth $2,438,000 after buying an additional 38,684 shares during the period. Archvest Wealth Advisors Inc. lifted its holdings in shares of Bitwise Bitcoin ETF by 148.3% during the fourth quarter. Archvest Wealth Advisors Inc. now owns 11,552 shares of the company’s stock worth $587,000 after buying an additional 6,899 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of Bitwise Bitcoin ETF by 42.9% during the fourth quarter. Consolidated Portfolio Review Corp now owns 9,396 shares of the company’s stock worth $478,000 after buying an additional 2,820 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in shares of Bitwise Bitcoin ETF by 237.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 38,500 shares of the company’s stock valued at $1,976,000 after acquiring an additional 27,093 shares during the period.

Bitwise Bitcoin ETF Stock Down 1.2 %

NYSEARCA:BITB opened at $52.17 on Monday. Bitwise Bitcoin ETF has a 52 week low of $24.49 and a 52 week high of $59.07. The firm’s 50-day simple moving average is $53.94 and its 200 day simple moving average is $42.84.

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.