3EDGE Asset Management LP Sells 3,840 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

3EDGE Asset Management LP reduced its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 12.4% during the 4th quarter, HoldingsChannel reports. The firm owned 27,010 shares of the company’s stock after selling 3,840 shares during the quarter. 3EDGE Asset Management LP’s holdings in Bitwise Bitcoin ETF were worth $1,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BITB. Empower Advisory Group LLC acquired a new stake in Bitwise Bitcoin ETF in the 4th quarter valued at $368,000. Sanctuary Advisors LLC boosted its stake in shares of Bitwise Bitcoin ETF by 94.9% in the 4th quarter. Sanctuary Advisors LLC now owns 19,186 shares of the company’s stock valued at $976,000 after purchasing an additional 9,341 shares in the last quarter. Pure Portfolios Holdings LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter worth about $295,000. Kedalion Capital Management LLP acquired a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter worth about $4,694,000. Finally, Walkner Condon Financial Advisors LLC lifted its holdings in Bitwise Bitcoin ETF by 11.0% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 14,029 shares of the company’s stock valued at $713,000 after purchasing an additional 1,387 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 3.3 %

Shares of Bitwise Bitcoin ETF stock opened at $51.25 on Wednesday. The firm’s 50-day moving average price is $53.86 and its two-hundred day moving average price is $43.70. Bitwise Bitcoin ETF has a 1-year low of $27.02 and a 1-year high of $59.07.

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.