Bitwise Bitcoin ETF (NYSEARCA:BITB) Sets New 1-Year Low – What’s Next?

Posted by Lauren Steadman on Jun 5th, 2026

Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $32.61 and last traded at $32.74, with a volume of 1448772 shares trading hands. The stock had previously closed at $34.51.

Bitwise Bitcoin ETF Stock Down 6.6%

The business has a 50 day moving average price of $40.35 and a 200-day moving average price of $42.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in Bitwise Bitcoin ETF by 5.4% in the first quarter. Parallel Advisors LLC now owns 5,905 shares of the company’s stock valued at $217,000 after purchasing an additional 303 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Bitwise Bitcoin ETF by 585,500.0% in the first quarter. NewEdge Advisors LLC now owns 17,568 shares of the company’s stock valued at $647,000 after purchasing an additional 17,565 shares during the last quarter. Keel Point LLC boosted its holdings in Bitwise Bitcoin ETF by 56.7% in the first quarter. Keel Point LLC now owns 26,415 shares of the company’s stock valued at $972,000 after purchasing an additional 9,560 shares during the last quarter. Bank of America Corp DE boosted its holdings in Bitwise Bitcoin ETF by 134.2% in the first quarter. Bank of America Corp DE now owns 216,907 shares of the company’s stock valued at $7,984,000 after purchasing an additional 124,299 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Bitwise Bitcoin ETF by 39.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,238 shares of the company’s stock valued at $46,000 after purchasing an additional 350 shares during the last quarter.

Bitwise Bitcoin ETF Company Profile

(Get Free Report)

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.