Weaver Consulting Group Purchases New Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Weaver Consulting Group purchased a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,596 shares of the company’s stock, valued at approximately $437,000.

A number of other hedge funds have also recently modified their holdings of BITB. Fairway Wealth LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 258.1% during the third quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock worth $38,000 after purchasing an additional 800 shares during the period. Avior Wealth Management LLC purchased a new stake in Bitwise Bitcoin ETF in the 3rd quarter worth approximately $69,000. Farther Finance Advisors LLC grew its position in shares of Bitwise Bitcoin ETF by 6,150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock worth $86,000 after buying an additional 2,460 shares during the last quarter. Allworth Financial LP grew its position in shares of Bitwise Bitcoin ETF by 381.5% in the 3rd quarter. Allworth Financial LP now owns 2,557 shares of the company’s stock worth $88,000 after buying an additional 2,026 shares during the last quarter. Finally, Shore Point Advisors LLC purchased a new position in shares of Bitwise Bitcoin ETF during the third quarter valued at approximately $205,000.

Bitwise Bitcoin ETF Stock Down 5.8 %

Shares of BITB stock opened at $52.45 on Wednesday. The stock has a fifty day moving average of $50.37 and a 200 day moving average of $39.53. Bitwise Bitcoin ETF has a 52 week low of $21.05 and a 52 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.