Simplicity Wealth LLC Buys Shares of 4,799 Bitwise Bitcoin ETF (NYSEARCA:BITB)

Simplicity Wealth LLC bought a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,799 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Shore Point Advisors LLC grew its stake in shares of Bitwise Bitcoin ETF by 4.2% in the 4th quarter. Shore Point Advisors LLC now owns 6,189 shares of the company’s stock valued at $315,000 after purchasing an additional 250 shares during the last quarter. Clarity Capital Partners LLC grew its stake in shares of Bitwise Bitcoin ETF by 4.2% in the 4th quarter. Clarity Capital Partners LLC now owns 8,350 shares of the company’s stock valued at $425,000 after purchasing an additional 336 shares during the last quarter. Gleason Group Inc. purchased a new position in shares of Bitwise Bitcoin ETF in the 4th quarter valued at approximately $25,000. Echo45 Advisors LLC grew its stake in shares of Bitwise Bitcoin ETF by 11.0% in the 4th quarter. Echo45 Advisors LLC now owns 8,728 shares of the company’s stock valued at $468,000 after purchasing an additional 868 shares during the last quarter. Finally, RFG Holdings Inc. grew its stake in shares of Bitwise Bitcoin ETF by 13.7% in the 4th quarter. RFG Holdings Inc. now owns 8,232 shares of the company’s stock valued at $419,000 after purchasing an additional 995 shares during the last quarter.

Bitwise Bitcoin ETF Trading Up 5.2 %

Shares of BITB stock opened at $45.21 on Wednesday. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month high of $59.07. The business’s 50 day moving average is $52.17 and its two-hundred day moving average is $45.50.

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.