Belpointe Asset Management LLC Acquires 2,885 Shares of Bitwise Bitcoin ETF $BITB

Belpointe Asset Management LLC lifted its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 27.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,368 shares of the company’s stock after buying an additional 2,885 shares during the quarter. Belpointe Asset Management LLC’s holdings in Bitwise Bitcoin ETF were worth $783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crown Wealth Group LLC bought a new position in shares of Bitwise Bitcoin ETF in the second quarter valued at $214,000. Envestnet Asset Management Inc. grew its stake in shares of Bitwise Bitcoin ETF by 187.5% in the first quarter. Envestnet Asset Management Inc. now owns 134,776 shares of the company’s stock valued at $6,049,000 after buying an additional 87,890 shares in the last quarter. DRW Securities LLC bought a new position in shares of Bitwise Bitcoin ETF in the first quarter valued at $7,853,000. Cary Street Partners Financial LLC grew its stake in shares of Bitwise Bitcoin ETF by 29.1% in the first quarter. Cary Street Partners Financial LLC now owns 6,972 shares of the company’s stock valued at $313,000 after buying an additional 1,572 shares in the last quarter. Finally, Sculptor Capital LP bought a new position in shares of Bitwise Bitcoin ETF in the first quarter valued at $16,488,000.

Bitwise Bitcoin ETF Price Performance

NYSEARCA:BITB opened at $67.12 on Thursday. Bitwise Bitcoin ETF has a 1-year low of $32.04 and a 1-year high of $68.74. The firm has a fifty day simple moving average of $62.54 and a 200 day simple moving average of $57.65.

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.