Summit Wealth Partners LLC Acquires New Shares in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Summit Wealth Partners LLC acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,060 shares of the company’s stock, valued at approximately $1,015,000.

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

Bitwise Bitcoin ETF Trading Down 2.7 %

NYSEARCA:BITB opened at $33.64 on Wednesday. Bitwise Bitcoin ETF has a 1 year low of $21.05 and a 1 year high of $40.16. The firm’s fifty day simple moving average is $33.08 and its 200 day simple moving average is $34.68.

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.