Claro Advisors LLC Purchases New Shares in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Claro Advisors LLC acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,644 shares of the company’s stock, valued at approximately $1,031,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IMC Chicago LLC purchased a new position in Bitwise Bitcoin ETF during the first quarter valued at $20,530,000. Wealth Enhancement Advisory Services LLC bought a new position in Bitwise Bitcoin ETF in the 1st quarter worth about $1,095,000. Financial Management Professionals Inc. purchased a new stake in Bitwise Bitcoin ETF during the 1st quarter valued at about $1,076,000. Brookstone Capital Management purchased a new stake in Bitwise Bitcoin ETF during the 1st quarter valued at about $357,000. Finally, Morton Capital Management LLC CA bought a new stake in Bitwise Bitcoin ETF during the 1st quarter valued at about $249,000.

Bitwise Bitcoin ETF Price Performance

Shares of Bitwise Bitcoin ETF stock opened at $34.44 on Tuesday. The business has a 50-day moving average price of $35.54. Bitwise Bitcoin ETF has a 52-week low of $21.05 and a 52-week high of $40.16.

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.