SVB Wealth LLC Acquires New Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

SVB Wealth LLC acquired a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,810 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Gleason Group Inc. purchased a new position in Bitwise Bitcoin ETF during the fourth quarter worth approximately $25,000. Fairway Wealth LLC grew its holdings in Bitwise Bitcoin ETF by 258.1% in the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after buying an additional 800 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter worth $56,000. Avior Wealth Management LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the 3rd quarter worth $69,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Bitwise Bitcoin ETF by 6,150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock worth $86,000 after acquiring an additional 2,460 shares during the period.

Bitwise Bitcoin ETF Price Performance

Shares of BITB opened at $46.79 on Tuesday. Bitwise Bitcoin ETF has a 12-month low of $27.02 and a 12-month high of $59.07. The firm has a 50-day moving average price of $52.82 and a 200 day moving average price of $44.92.

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.