PNC Financial Services Group Inc. Has $29.41 Million Stake in Bitwise Bitcoin ETF $BITB

PNC Financial Services Group Inc. lifted its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 501,955 shares of the company’s stock after purchasing an additional 47,764 shares during the period. PNC Financial Services Group Inc. owned 0.67% of Bitwise Bitcoin ETF worth $29,410,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Bitwise Bitcoin ETF in the 4th quarter worth approximately $516,000. Envestnet Asset Management Inc. grew its stake in Bitwise Bitcoin ETF by 187.5% in the 1st 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 during the last quarter. Cerity Partners LLC raised its holdings in Bitwise Bitcoin ETF by 9.1% in the 1st quarter. Cerity Partners LLC now owns 5,989 shares of the company’s stock worth $269,000 after acquiring an additional 500 shares during the period. Kingsview Wealth Management LLC grew its position in shares of Bitwise Bitcoin ETF by 92.5% in the first quarter. Kingsview Wealth Management LLC now owns 92,296 shares of the company’s stock valued at $4,142,000 after purchasing an additional 44,356 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Bitwise Bitcoin ETF by 2,135.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,672 shares of the company’s stock valued at $210,000 after buying an additional 4,463 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

BITB opened at $51.24 on Friday. Bitwise Bitcoin ETF has a 1-year low of $41.17 and a 1-year high of $68.74. The business has a 50 day moving average of $60.72 and a 200-day moving average of $60.02.

Bitwise Bitcoin ETF Company 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.