Archer Investment Management LLC Invests $1.70 Million in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Archer Investment Management LLC acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,333 shares of the company’s stock, valued at approximately $1,695,000. Bitwise Bitcoin ETF makes up 1.0% of Archer Investment Management LLC’s investment portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. HBK Investments L P boosted its holdings in Bitwise Bitcoin ETF by 5.7% in the 3rd quarter. HBK Investments L P now owns 850,554 shares of the company’s stock worth $29,421,000 after buying an additional 46,124 shares during the period. IMC Chicago LLC boosted its holdings in Bitwise Bitcoin ETF by 9.3% in the 3rd quarter. IMC Chicago LLC now owns 646,743 shares of the company’s stock worth $22,371,000 after buying an additional 55,092 shares during the period. RPO LLC boosted its holdings in Bitwise Bitcoin ETF by 3.2% in the 3rd quarter. RPO LLC now owns 304,385 shares of the company’s stock worth $10,529,000 after buying an additional 9,300 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in 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 period. Finally, RPg Family Wealth Advisory LLC boosted its holdings in Bitwise Bitcoin ETF by 1.4% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 228,807 shares of the company’s stock worth $7,914,000 after buying an additional 3,220 shares during the period.

Bitwise Bitcoin ETF Stock Down 0.3 %

Shares of Bitwise Bitcoin ETF stock opened at $55.12 on Tuesday. The company has a fifty day moving average of $53.79 and a 200 day moving average of $42.28. Bitwise Bitcoin ETF has a fifty-two week low of $23.06 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.