HBK Investments L P Trims Stake in Bitwise Ethereum ETF $ETHW

HBK Investments L P lowered its position in Bitwise Ethereum ETF (NYSEARCA:ETHW) by 15.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 413,302 shares of the company’s stock after selling 77,022 shares during the period. HBK Investments L P owned 3.14% of Bitwise Ethereum ETF worth $5,423,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ETHW. Beam Wealth Advisors Inc. grew its stake in Bitwise Ethereum ETF by 3.2% in the first quarter. Beam Wealth Advisors Inc. now owns 156,204 shares of the company’s stock worth $2,049,000 after purchasing an additional 4,821 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Bitwise Ethereum ETF by 202.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,585 shares of the company’s stock valued at $414,000 after buying an additional 21,127 shares in the last quarter. Highline Wealth Partners LLC grew its position in shares of Bitwise Ethereum ETF by 48.2% in the 1st quarter. Highline Wealth Partners LLC now owns 32,577 shares of the company’s stock worth $427,000 after buying an additional 10,596 shares during the period. Wiser Wealth Management Inc increased its stake in shares of Bitwise Ethereum ETF by 39.6% in the 1st quarter. Wiser Wealth Management Inc now owns 32,941 shares of the company’s stock worth $432,000 after acquiring an additional 9,346 shares in the last quarter. Finally, Consolidated Portfolio Review Corp increased its stake in shares of Bitwise Ethereum ETF by 26.2% in the 1st quarter. Consolidated Portfolio Review Corp now owns 16,952 shares of the company’s stock worth $222,000 after acquiring an additional 3,521 shares in the last quarter.

Bitwise Ethereum ETF Price Performance

NYSEARCA:ETHW opened at $31.11 on Monday. Bitwise Ethereum ETF has a one year low of $10.42 and a one year high of $34.84. The company’s 50-day simple moving average is $25.45 and its 200 day simple moving average is $19.00.

Bitwise Ethereum ETF Company Profile

The Bitwise Ethereum ETF (ETHW) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.