JPMorgan Chase & Co. Lowers Stock Holdings in Bitwise Bitcoin ETF $BITB

JPMorgan Chase & Co. reduced its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 98.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 725 shares of the company’s stock after selling 49,351 shares during the period. JPMorgan Chase & Co.’s holdings in Bitwise Bitcoin ETF were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA purchased a new position in shares of Bitwise Bitcoin ETF during the third quarter worth $29,000. North Star Investment Management Corp. boosted its position in shares of Bitwise Bitcoin ETF by 85.6% during the third quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock worth $38,000 after buying an additional 285 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Bitwise Bitcoin ETF by 722.1% during the third quarter. Geneos Wealth Management Inc. now owns 781 shares of the company’s stock worth $49,000 after buying an additional 686 shares during the period. Caitlin John LLC purchased a new position in shares of Bitwise Bitcoin ETF during the third quarter worth $49,000. Finally, Root Financial Partners LLC purchased a new position in shares of Bitwise Bitcoin ETF during the third quarter worth $52,000.

Bitwise Bitcoin ETF Stock Performance

BITB opened at $40.76 on Wednesday. Bitwise Bitcoin ETF has a 52 week low of $33.81 and a 52 week high of $68.74. The business has a fifty day simple moving average of $37.98 and a 200-day simple moving average of $46.75.

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.