Fischer Investment Strategies LLC Makes New $1.11 Million Investment in Bitwise Bitcoin ETF $BITB

Fischer Investment Strategies LLC acquired a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,993 shares of the company’s stock, valued at approximately $1,113,000. Bitwise Bitcoin ETF makes up about 0.7% of Fischer Investment Strategies LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other institutional investors also recently modified their holdings of BITB. Sculptor Capital LP acquired a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $16,488,000. Beaird Harris Wealth Management LLC grew its holdings in shares of Bitwise Bitcoin ETF by 53.2% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 535,732 shares of the company’s stock worth $24,044,000 after purchasing an additional 185,930 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $7,853,000. PNC Financial Services Group Inc. grew its holdings in shares of Bitwise Bitcoin ETF by 48.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 454,191 shares of the company’s stock worth $20,384,000 after purchasing an additional 147,304 shares in the last quarter. Finally, Crumly & Associates Inc. acquired a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $4,591,000.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA:BITB opened at $63.40 on Friday. Bitwise Bitcoin ETF has a 1-year low of $33.45 and a 1-year high of $68.74. The business’s 50 day moving average is $62.63 and its 200-day moving average is $57.88.

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.