Bitwise Bitcoin ETF $BITB Stake Decreased by Kaleidoscope Capital LP

Kaleidoscope Capital LP reduced its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 449,780 shares of the company’s stock after selling 99,619 shares during the period. Bitwise Bitcoin ETF accounts for approximately 8.2% of Kaleidoscope Capital LP’s portfolio, making the stock its 8th largest holding. Kaleidoscope Capital LP’s holdings in Bitwise Bitcoin ETF were worth $21,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Weaver Consulting Group raised its stake in Bitwise Bitcoin ETF by 5.7% in the 3rd quarter. Weaver Consulting Group now owns 3,753 shares of the company’s stock valued at $234,000 after acquiring an additional 202 shares during the period. Focus Partners Wealth raised its stake in Bitwise Bitcoin ETF by 0.8% in the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after acquiring an additional 244 shares during the period. Captrust Financial Advisors raised its stake in Bitwise Bitcoin ETF by 1.7% in the 2nd quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock valued at $886,000 after acquiring an additional 255 shares during the period. J.W. Cole Advisors Inc. raised its stake in Bitwise Bitcoin ETF by 7.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,878 shares of the company’s stock valued at $241,000 after acquiring an additional 281 shares during the period. Finally, Cary Street Partners Financial LLC raised its stake in Bitwise Bitcoin ETF by 4.0% in the 3rd quarter. Cary Street Partners Financial LLC now owns 7,598 shares of the company’s stock valued at $473,000 after acquiring an additional 295 shares during the period.

Bitwise Bitcoin ETF Stock Performance

Shares of Bitwise Bitcoin ETF stock opened at $34.52 on Friday. Bitwise Bitcoin ETF has a 52-week low of $32.10 and a 52-week high of $68.74. The stock’s 50-day simple moving average is $39.99 and its 200 day simple moving average is $42.35.

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.