Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Trading Down 2.9% – Here’s Why

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP)’s stock price dropped 2.9% during mid-day trading on Wednesday . The company traded as low as $31.89 and last traded at $31.89. Approximately 1,530 shares were traded during trading, a decline of 41% from the average daily volume of 2,595 shares. The stock had previously closed at $32.83.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Trading Down 2.9%

The company has a market cap of $5.42 million, a PE ratio of -637.80 and a beta of 2.73. The business has a fifty day moving average of $36.29 and a 200-day moving average of $33.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC purchased a new stake in shares of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF at the end of the most recent reporting period.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.