14,323 Shares in Bitwise Bitcoin ETF $BITB Bought by Lido Advisors LLC

Lido Advisors LLC purchased a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,323 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BITB. NewEdge Wealth LLC lifted its stake in shares of Bitwise Bitcoin ETF by 695.0% in the first quarter. NewEdge Wealth LLC now owns 60,495 shares of the company’s stock valued at $2,227,000 after buying an additional 52,886 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Bitwise Bitcoin ETF by 19.8% during the first quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock worth $34,192,000 after acquiring an additional 153,599 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Bitwise Bitcoin ETF by 5.4% in the 1st quarter. Parallel Advisors LLC now owns 5,905 shares of the company’s stock worth $217,000 after acquiring an additional 303 shares during the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Bitwise Bitcoin ETF by 48.2% in the 1st quarter. Precision Wealth Strategies LLC now owns 38,053 shares of the company’s stock worth $1,401,000 after acquiring an additional 12,379 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in Bitwise Bitcoin ETF in the 1st quarter valued at about $657,000.

Bitwise Bitcoin ETF Trading Up 1.9%

BITB stock opened at $35.14 on Friday. Bitwise Bitcoin ETF has a 52-week low of $31.49 and a 52-week high of $68.74. The business has a 50-day simple moving average of $35.19 and a two-hundred day simple moving average of $38.91.

About Bitwise Bitcoin ETF

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.