Virtu Financial LLC Cuts Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Virtu Financial LLC lowered its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 76.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,463 shares of the company’s stock after selling 57,171 shares during the quarter. Virtu Financial LLC’s holdings in Bitwise Bitcoin ETF were worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its position in Bitwise Bitcoin ETF by 6,348.2% during the fourth quarter. Proficio Capital Partners LLC now owns 2,102,749 shares of the company’s stock valued at $106,925,000 after purchasing an additional 2,070,139 shares during the period. HBK Investments L P lifted its holdings in shares of Bitwise Bitcoin ETF by 5.7% during the 3rd quarter. HBK Investments L P now owns 850,554 shares of the company’s stock valued at $29,421,000 after buying an additional 46,124 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Bitwise Bitcoin ETF by 137.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 306,887 shares of the company’s stock valued at $15,605,000 after buying an additional 177,401 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Bitwise Bitcoin ETF by 4,033.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock worth $9,585,000 after buying an additional 270,396 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC grew its holdings in shares of Bitwise Bitcoin ETF by 2.9% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 235,427 shares of the company’s stock worth $11,971,000 after acquiring an additional 6,620 shares during the period.

Bitwise Bitcoin ETF Price Performance

BITB stock opened at $48.04 on Tuesday. The business’s 50-day moving average is $51.00 and its two-hundred day moving average is $46.35. Bitwise Bitcoin ETF has a fifty-two week low of $27.02 and a fifty-two week high of $59.07.

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.