Walleye Capital LLC Makes New $636,000 Investment in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Walleye Capital LLC purchased a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $636,000.

A number of other hedge funds have also modified their holdings of the company. Virtu Financial LLC lifted its holdings in Bitwise Bitcoin ETF by 284.7% during the third quarter. Virtu Financial LLC now owns 74,634 shares of the company’s stock worth $2,582,000 after acquiring an additional 55,234 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Bitwise Bitcoin ETF during the 3rd quarter valued at about $341,000. Tidal Investments LLC grew its position in shares of Bitwise Bitcoin ETF by 43.8% in the 3rd quarter. Tidal Investments LLC now owns 201,797 shares of the company’s stock valued at $6,980,000 after purchasing an additional 61,499 shares during the period. Beaird Harris Wealth Management LLC grew its position in shares of Bitwise Bitcoin ETF by 135.7% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock valued at $7,333,000 after purchasing an additional 122,045 shares during the period. Finally, Advance Capital Management Inc. raised its holdings in Bitwise Bitcoin ETF by 30.4% during the 4th quarter. Advance Capital Management Inc. now owns 128,069 shares of the company’s stock worth $6,512,000 after buying an additional 29,855 shares during the period.

Bitwise Bitcoin ETF Stock Up 4.7 %

Shares of BITB opened at $49.80 on Wednesday. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month high of $59.07. The firm’s 50 day moving average price is $46.78 and its two-hundred day moving average price is $48.16.

Bitwise Bitcoin ETF 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.