Hunting Hill Global Capital LLC Takes Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Hunting Hill Global Capital LLC bought a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 610,663 shares of the company’s stock, valued at approximately $31,052,000. Bitwise Bitcoin ETF comprises 11.4% of Hunting Hill Global Capital LLC’s investment portfolio, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of BITB. Shore Point Advisors LLC lifted its stake in shares of Bitwise Bitcoin ETF by 4.2% during the 4th quarter. Shore Point Advisors LLC now owns 6,189 shares of the company’s stock worth $315,000 after buying an additional 250 shares during the last quarter. Townsquare Capital LLC raised its holdings in Bitwise Bitcoin ETF by 2.7% in the 4th quarter. Townsquare Capital LLC now owns 10,119 shares of the company’s stock valued at $515,000 after acquiring an additional 267 shares during the period. Clarity Capital Partners LLC lifted its position in Bitwise Bitcoin ETF by 4.2% during the fourth quarter. Clarity Capital Partners LLC now owns 8,350 shares of the company’s stock worth $425,000 after acquiring an additional 336 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Bitwise Bitcoin ETF by 1.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 46,886 shares of the company’s stock worth $2,384,000 after acquiring an additional 456 shares during the period. Finally, Gleason Group Inc. bought a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth approximately $25,000.

Bitwise Bitcoin ETF Trading Up 0.7 %

Shares of NYSEARCA BITB opened at $46.23 on Monday. The business’s 50 day moving average is $46.94 and its 200-day moving average is $48.05. Bitwise Bitcoin ETF has a 1-year low of $27.02 and a 1-year high of $59.07.

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.