Waverly Advisors LLC Raises Position in Bitwise Bitcoin ETF $BITB

Waverly Advisors LLC boosted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 236.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,563 shares of the company’s stock after buying an additional 15,162 shares during the period. Waverly Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BITB. Wells Fargo & Company MN raised its holdings in shares of Bitwise Bitcoin ETF by 323.9% in the 4th quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock valued at $39,051,000 after acquiring an additional 627,405 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Bitwise Bitcoin ETF by 168.9% during the third quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock worth $33,118,000 after purchasing an additional 334,296 shares in the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of Bitwise Bitcoin ETF by 2,352.8% during the fourth quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock worth $15,996,000 after purchasing an additional 322,613 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Bitwise Bitcoin ETF by 40.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock worth $52,578,000 after purchasing an additional 315,860 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Bitwise Bitcoin ETF by 269,348.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 207,475 shares of the company’s stock worth $9,868,000 after purchasing an additional 207,398 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 2.9%

Shares of BITB opened at $34.13 on Friday. The firm’s 50 day simple moving average is $35.05 and its 200 day simple moving average is $38.88. Bitwise Bitcoin ETF has a 1-year low of $31.49 and a 1-year 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.