Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) Trading Down 0.2% – What’s Next?

Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP)’s share price dropped 0.2% on Wednesday . The stock traded as low as $34.97 and last traded at $35.02. Approximately 8,866 shares changed hands during mid-day trading, an increase of 223% from the average daily volume of 2,744 shares. The stock had previously closed at $35.08.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Trading Down 0.1 %

The stock’s fifty day moving average price is $52.82 and its 200-day moving average price is $46.36.

Institutional Trading of Bitwise Bitcoin and Ether Equal Weight Strategy ETF

A hedge fund recently raised its stake in Bitwise Bitcoin and Ether Equal Weight Strategy ETF stock. Jane Street Group LLC increased its holdings in Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,755 shares of the company’s stock after acquiring an additional 3,264 shares during the period. Jane Street Group LLC owned about 10.38% of Bitwise Bitcoin and Ether Equal Weight Strategy ETF worth $864,000 at the end of the most recent reporting period.

About Bitwise Bitcoin and Ether Equal Weight Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.