Shares of Bitwise Ethereum ETF (NYSEARCA:ETHW – Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $15.53 and traded as low as $15.10. Bitwise Ethereum ETF shares last traded at $15.19, with a volume of 205,714 shares traded.
Bitwise Ethereum ETF Price Performance
The firm has a 50-day moving average price of $17.63 and a two-hundred day moving average price of $15.47.
Hedge Funds Weigh In On Bitwise Ethereum ETF
Several large investors have recently bought and sold shares of the stock. Ieq Capital LLC boosted its holdings in Bitwise Ethereum ETF by 3.3% in the 3rd quarter. Ieq Capital LLC now owns 84,238 shares of the company’s stock valued at $1,606,000 after purchasing an additional 2,657 shares during the period. Harbour Wealth Management Group Inc. increased its holdings in shares of Bitwise Ethereum ETF by 30.6% during the 3rd quarter. Harbour Wealth Management Group Inc. now owns 51,883 shares of the company’s stock worth $989,000 after purchasing an additional 12,169 shares during the period. Fifth Third Bancorp bought a new position in shares of Bitwise Ethereum ETF during the 3rd quarter worth about $32,000. rebel Financial LLC acquired a new position in shares of Bitwise Ethereum ETF during the third quarter valued at about $349,000. Finally, Beam Wealth Advisors Inc. raised its position in shares of Bitwise Ethereum ETF by 2.1% during the third quarter. Beam Wealth Advisors Inc. now owns 215,254 shares of the company’s stock valued at $4,103,000 after buying an additional 4,325 shares during the last quarter.
About Bitwise Ethereum ETF
The Bitwise Ethereum ETF (ETHW) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.
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