Bitwise Bitcoin ETF $BITB Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,705 shares of the company’s stock after selling 2,700 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Bitwise Bitcoin ETF were worth $1,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BITB. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Bitwise Bitcoin ETF by 2.8% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 5,999 shares of the company’s stock worth $351,000 after purchasing an additional 164 shares in the last quarter. FF Advisors LLC increased its stake in shares of Bitwise Bitcoin ETF by 0.6% in the 2nd quarter. FF Advisors LLC now owns 36,314 shares of the company’s stock worth $2,128,000 after acquiring an additional 226 shares during the last quarter. Focus Partners Wealth boosted its holdings in Bitwise Bitcoin ETF by 0.8% in the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after purchasing an additional 244 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in Bitwise Bitcoin ETF by 5.4% in the 1st quarter. Personal CFO Solutions LLC now owns 4,935 shares of the company’s stock valued at $221,000 after buying an additional 251 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 10,715 shares of the company’s stock worth $481,000 after acquiring an additional 256 shares during the last quarter.

Bitwise Bitcoin ETF Trading Up 2.8%

BITB stock opened at $56.39 on Friday. The business’s fifty day moving average price is $61.27 and its 200 day moving average price is $59.89. Bitwise Bitcoin ETF has a 12-month low of $41.17 and a 12-month high of $68.74.

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.