Bitwise Bitcoin ETF (NYSEARCA:BITB) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC lowered its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,250 shares of the company’s stock after selling 800 shares during the quarter. Intellectus Partners LLC’s holdings in Bitwise Bitcoin ETF were worth $470,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC increased its holdings in Bitwise Bitcoin ETF by 6,348.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,102,749 shares of the company’s stock worth $106,925,000 after buying an additional 2,070,139 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Bitwise Bitcoin ETF by 4,033.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock worth $9,585,000 after buying an additional 270,396 shares during the period. PNC Financial Services Group Inc. increased its holdings in Bitwise Bitcoin ETF by 137.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 306,887 shares of the company’s stock worth $15,605,000 after buying an additional 177,401 shares during the period. Beaird Harris Wealth Management LLC increased its holdings in Bitwise Bitcoin ETF by 135.7% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock worth $7,333,000 after buying an additional 122,045 shares during the period. Finally, Kedalion Capital Management LLP acquired a new position in Bitwise Bitcoin ETF in the 4th quarter worth approximately $4,694,000.

Bitwise Bitcoin ETF Trading Down 2.4 %

Shares of NYSEARCA:BITB opened at $47.33 on Friday. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month high of $59.07. The company’s 50 day moving average is $52.45 and its 200 day moving average is $45.27.

Bitwise Bitcoin ETF 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.