Crumly & Associates Inc. Boosts Holdings in Bitwise Bitcoin ETF $BITB

Crumly & Associates Inc. grew its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 27.7% in the third quarter, Holdings Channel reports. The institutional investor owned 155,354 shares of the company’s stock after buying an additional 33,721 shares during the period. Bitwise Bitcoin ETF accounts for 2.1% of Crumly & Associates Inc.’s holdings, making the stock its 14th biggest holding. Crumly & Associates Inc.’s holdings in Bitwise Bitcoin ETF were worth $9,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in Bitwise Bitcoin ETF in the third quarter valued at about $29,000. North Star Investment Management Corp. grew its holdings in Bitwise Bitcoin ETF by 85.6% during the third quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock worth $38,000 after acquiring an additional 285 shares during the period. Ameritas Advisory Services LLC acquired a new position in Bitwise Bitcoin ETF during the second quarter worth $46,000. Geneos Wealth Management Inc. raised its position in Bitwise Bitcoin ETF by 722.1% in the third quarter. Geneos Wealth Management Inc. now owns 781 shares of the company’s stock worth $49,000 after acquiring an additional 686 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in Bitwise Bitcoin ETF in the third quarter worth $52,000.

Bitwise Bitcoin ETF Stock Performance

Shares of NYSEARCA BITB opened at $48.38 on Thursday. Bitwise Bitcoin ETF has a one year low of $41.17 and a one year high of $68.74. The company’s fifty day moving average is $48.80 and its two-hundred day moving average is $56.90.

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.