RFG Advisory LLC Buys 29,558 Shares of Bitwise Bitcoin ETF $BITB

RFG Advisory LLC lifted its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 34.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,140 shares of the company’s stock after acquiring an additional 29,558 shares during the quarter. RFG Advisory LLC owned 0.16% of Bitwise Bitcoin ETF worth $3,636,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BITB. Millennium Management LLC increased its holdings in shares of Bitwise Bitcoin ETF by 2.9% during the fourth quarter. Millennium Management LLC now owns 3,605,179 shares of the company’s stock valued at $171,462,000 after acquiring an additional 102,140 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Bitwise Bitcoin ETF by 40.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock worth $52,578,000 after acquiring an additional 315,860 shares in the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Bitwise Bitcoin ETF by 0.4% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 937,917 shares of the company’s stock valued at $29,882,000 after acquiring an additional 3,670 shares during the period. PNC Financial Services Group Inc. raised its holdings in Bitwise Bitcoin ETF by 19.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock worth $34,192,000 after purchasing an additional 153,599 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Bitwise Bitcoin ETF by 323.9% during the fourth quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock worth $39,051,000 after purchasing an additional 627,405 shares in the last quarter.

Bitwise Bitcoin ETF Stock Performance

Bitwise Bitcoin ETF stock opened at $42.43 on Thursday. The business has a 50 day simple moving average of $37.10 and a 200-day simple moving average of $37.91. Bitwise Bitcoin ETF has a 12 month low of $31.49 and a 12 month high of $68.74.

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.