Signature Wealth Management Group Takes $1.54 Million Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Signature Wealth Management Group purchased a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 30,243 shares of the company’s stock, valued at approximately $1,538,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC grew its holdings in shares of Bitwise Bitcoin ETF by 2.9% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 235,427 shares of the company’s stock valued at $11,971,000 after buying an additional 6,620 shares during the period. Farther Finance Advisors LLC lifted its position in Bitwise Bitcoin ETF by 488.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,712 shares of the company’s stock worth $748,000 after buying an additional 12,212 shares in the last quarter. Hollencrest Capital Management lifted its position in Bitwise Bitcoin ETF by 257.2% during the 4th quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock worth $77,000 after buying an additional 1,093 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Bitwise Bitcoin ETF by 24.2% during the 4th quarter. HighTower Advisors LLC now owns 34,917 shares of the company’s stock worth $1,776,000 after purchasing an additional 6,810 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth about $2,671,000.

Bitwise Bitcoin ETF Trading Up 5.7 %

Shares of BITB opened at $46.08 on Friday. Bitwise Bitcoin ETF has a 52 week low of $27.02 and a 52 week high of $59.07. The firm’s 50-day simple moving average is $51.72 and its 200 day simple moving average is $45.65.

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.