Bitwise Bitcoin ETF (NYSEARCA:BITB) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,733 shares of the company’s stock after selling 700 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Bitwise Bitcoin ETF were worth $957,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Shore Point Advisors LLC raised its holdings in Bitwise Bitcoin ETF by 4.2% during the fourth quarter. Shore Point Advisors LLC now owns 6,189 shares of the company’s stock worth $315,000 after purchasing an additional 250 shares in the last quarter. Clarity Capital Partners LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 4.2% in the fourth quarter. Clarity Capital Partners LLC now owns 8,350 shares of the company’s stock valued at $425,000 after buying an additional 336 shares during the period. Gleason Group Inc. bought a new position in Bitwise Bitcoin ETF during the fourth quarter valued at about $25,000. MRP Capital Investments LLC grew its holdings in Bitwise Bitcoin ETF by 2.3% during the fourth quarter. MRP Capital Investments LLC now owns 31,028 shares of the company’s stock worth $1,578,000 after acquiring an additional 700 shares during the period. Finally, Echo45 Advisors LLC raised its position in Bitwise Bitcoin ETF by 11.0% in the fourth quarter. Echo45 Advisors LLC now owns 8,728 shares of the company’s stock worth $468,000 after acquiring an additional 868 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA BITB opened at $44.59 on Friday. The firm has a 50-day moving average of $49.49 and a two-hundred day moving average of $46.98. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month 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.