Pasadena Private Wealth LLC Acquires 1,125 Shares of Bitwise Bitcoin ETF $BITB

Pasadena Private Wealth LLC raised its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,705 shares of the company’s stock after acquiring an additional 1,125 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Bitwise Bitcoin ETF were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BITB. Sculptor Capital LP bought a new position in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $16,488,000. Beaird Harris Wealth Management LLC boosted its position in Bitwise Bitcoin ETF by 53.2% during the first 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 during the period. DRW Securities LLC bought a new position in Bitwise Bitcoin ETF during the first quarter worth $7,853,000. PNC Financial Services Group Inc. boosted its position in Bitwise Bitcoin ETF by 48.0% during the first 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 during the period. Finally, Envestnet Asset Management Inc. boosted its position in Bitwise Bitcoin ETF by 187.5% during the first quarter. Envestnet Asset Management Inc. now owns 134,776 shares of the company’s stock worth $6,049,000 after purchasing an additional 87,890 shares during the period.

Bitwise Bitcoin ETF Stock Up 0.4%

BITB stock opened at $60.16 on Monday. The company has a fifty day moving average price of $61.88 and a two-hundred day moving average price of $59.12. Bitwise Bitcoin ETF has a one year low of $35.88 and a one year high of $68.74.

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.