DRW Securities LLC Takes Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

DRW Securities LLC acquired a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 95,081 shares of the company’s stock, valued at approximately $3,108,000.

Several other institutional investors have also made changes to their positions in BITB. Massmutual Trust Co. FSB ADV bought a new stake in Bitwise Bitcoin ETF in the second quarter valued at $33,000. Park Place Capital Corp acquired a new stake in shares of Bitwise Bitcoin ETF in the 2nd quarter valued at $34,000. Sound Income Strategies LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 1st quarter worth about $43,000. Headlands Technologies LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth about $93,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Bitwise Bitcoin ETF during the 1st quarter valued at about $107,000.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA:BITB opened at $34.23 on Friday. Bitwise Bitcoin ETF has a 12 month low of $21.05 and a 12 month high of $40.16. The company’s 50-day moving average price is $33.21 and its two-hundred day moving average price is $34.84.

About Bitwise Bitcoin ETF

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.