Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Trading 1.1% Higher – Here’s Why

Shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) were up 1.1% during trading on Wednesday . The company traded as high as $38.28 and last traded at $38.27. Approximately 9,004 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 6,210 shares. The stock had previously closed at $37.86.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

The business’s 50-day moving average price is $36.86 and its 200 day moving average price is $38.82.

Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

A number of large investors have recently modified their holdings of BITC. Jane Street Group LLC bought a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the fourth quarter valued at approximately $660,000. Dagco Inc. bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the third quarter valued at approximately $76,000. Mariner LLC lifted its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 21.6% during the fourth quarter. Mariner LLC now owns 5,711 shares of the company’s stock valued at $208,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Brookwood Investment Group LLC lifted its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 13.7% during the third quarter. Brookwood Investment Group LLC now owns 5,039 shares of the company’s stock valued at $228,000 after purchasing an additional 607 shares during the last quarter.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.