Private Wealth Partners LLC Makes New Investment in Bitwise Bitcoin ETF $BITB

Private Wealth Partners LLC purchased a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,150 shares of the company’s stock, valued at approximately $816,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BITB. Elequin Capital LP lifted its position in Bitwise Bitcoin ETF by 962.9% during the 3rd quarter. Elequin Capital LP now owns 393,733 shares of the company’s stock worth $24,498,000 after buying an additional 356,688 shares in the last quarter. Tidal Investments LLC lifted its position in Bitwise Bitcoin ETF by 168.9% during the 3rd quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock worth $33,118,000 after buying an additional 334,296 shares in the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of Bitwise Bitcoin ETF by 2,352.8% in the 4th quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock valued at $15,996,000 after purchasing an additional 322,613 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Bitwise Bitcoin ETF by 38.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 693,101 shares of the company’s stock valued at $43,125,000 after purchasing an additional 191,146 shares during the period. Finally, Jump Financial LLC raised its holdings in shares of Bitwise Bitcoin ETF by 2,334.3% in the 3rd quarter. Jump Financial LLC now owns 148,567 shares of the company’s stock valued at $9,244,000 after purchasing an additional 142,464 shares during the period.

Bitwise Bitcoin ETF Stock Down 1.5%

Shares of BITB stock opened at $41.46 on Tuesday. The firm’s 50-day moving average is $37.91 and its 200-day moving average is $46.93. Bitwise Bitcoin ETF has a 52-week low of $33.81 and a 52-week 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.