Embree Financial Group Buys 5,254 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Embree Financial Group lifted its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,499 shares of the company’s stock after purchasing an additional 5,254 shares during the period. Embree Financial Group’s holdings in Bitwise Bitcoin ETF were worth $2,822,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gleason Group Inc. purchased a new stake in Bitwise Bitcoin ETF in the fourth quarter worth $25,000. Fairway Wealth LLC grew its stake in shares of Bitwise Bitcoin ETF by 258.1% during the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock worth $38,000 after acquiring an additional 800 shares during the period. Avior Wealth Management LLC purchased a new stake in Bitwise Bitcoin ETF in the 3rd quarter worth about $69,000. Farther Finance Advisors LLC raised its stake in Bitwise Bitcoin ETF by 6,150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock valued at $86,000 after acquiring an additional 2,460 shares during the period. Finally, Allworth Financial LP lifted its holdings in Bitwise Bitcoin ETF by 381.5% during the third quarter. Allworth Financial LP now owns 2,557 shares of the company’s stock valued at $88,000 after purchasing an additional 2,026 shares during the last quarter.

Bitwise Bitcoin ETF Trading Up 1.5 %

Shares of NYSEARCA:BITB opened at $57.08 on Friday. The company has a 50-day moving average price of $53.40 and a two-hundred day moving average price of $41.37. Bitwise Bitcoin ETF has a twelve month low of $21.57 and a twelve month high of $59.07.

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.