HBK Investments L P Cuts Stock Position in Bitwise Bitcoin ETF $BITB

HBK Investments L P trimmed its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 70.1% in the first quarter, Holdings Channel reports. The firm owned 260,222 shares of the company’s stock after selling 608,784 shares during the period. HBK Investments L P’s holdings in Bitwise Bitcoin ETF were worth $11,679,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in shares of Bitwise Bitcoin ETF during the first quarter worth about $34,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the first quarter valued at about $34,000. WPG Advisers LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter valued at about $38,000. JPMorgan Chase & Co. acquired a new position in Bitwise Bitcoin ETF during the 4th quarter worth approximately $66,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Bitwise Bitcoin ETF by 221.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the company’s stock worth $108,000 after acquiring an additional 1,652 shares during the period.

Bitwise Bitcoin ETF Stock Down 3.3%

Shares of NYSEARCA:BITB opened at $58.87 on Monday. The company has a 50 day moving average of $62.01 and a two-hundred day moving average of $54.90. Bitwise Bitcoin ETF has a 52-week low of $28.99 and a 52-week high of $66.90.

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.