Financial Guidance Group Inc. Acquires Shares of 8,813 Bitwise Bitcoin ETF $BITB

Financial Guidance Group Inc. acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,813 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors have also recently modified their holdings of the business. Crown Wealth Group LLC acquired a new position in Bitwise Bitcoin ETF in the 2nd quarter worth about $214,000. Envestnet Asset Management Inc. grew its holdings in Bitwise Bitcoin ETF by 187.5% in the first quarter. Envestnet Asset Management Inc. now owns 134,776 shares of the company’s stock valued at $6,049,000 after purchasing an additional 87,890 shares during the period. Cora Capital Advisors LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the second quarter valued at approximately $220,000. DRW Securities LLC acquired a new position in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $7,853,000. Finally, Cary Street Partners Financial LLC lifted its position in shares of Bitwise Bitcoin ETF by 29.1% during the 1st quarter. Cary Street Partners Financial LLC now owns 6,972 shares of the company’s stock valued at $313,000 after buying an additional 1,572 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

Bitwise Bitcoin ETF stock opened at $58.86 on Friday. The company’s fifty day moving average price is $62.48 and its 200 day moving average price is $58.28. Bitwise Bitcoin ETF has a 1 year low of $35.49 and a 1 year high of $68.74.

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.