Cwm LLC Boosts Stock Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Cwm LLC raised its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 56.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,548 shares of the company’s stock after purchasing an additional 8,125 shares during the quarter. Cwm LLC’s holdings in Bitwise Bitcoin ETF were worth $780,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BITB. Brookstone Capital Management boosted its stake in shares of Bitwise Bitcoin ETF by 5.2% in the second quarter. Brookstone Capital Management now owns 9,716 shares of the company’s stock worth $342,000 after buying an additional 482 shares during the last quarter. New Harbor Financial Group LLC boosted its stake in shares of Bitwise Bitcoin ETF by 3.0% in the second quarter. New Harbor Financial Group LLC now owns 20,642 shares of the company’s stock worth $675,000 after buying an additional 600 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Bitwise Bitcoin ETF in the second quarter worth about $33,000. Park Place Capital Corp purchased a new stake in shares of Bitwise Bitcoin ETF in the second quarter worth about $34,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the first quarter worth about $43,000.

Bitwise Bitcoin ETF Trading Up 2.7 %

Shares of BITB stock opened at $37.38 on Friday. The business’s 50 day moving average is $33.31 and its two-hundred day moving average is $34.49. Bitwise Bitcoin ETF has a 12-month low of $21.05 and a 12-month 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.