Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Trading Up 2.1% – What’s Next?

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC)’s share price rose 2.1% during mid-day trading on Wednesday . The company traded as high as $37.55 and last traded at $37.55. Approximately 2,330 shares traded hands during trading, a decline of 66% from the average daily volume of 6,820 shares. The stock had previously closed at $36.76.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

The company’s fifty day simple moving average is $36.84 and its 200 day simple moving average is $39.93.

Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the fourth quarter worth about $660,000. Dagco Inc. bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 3rd quarter valued at approximately $76,000. Mariner LLC grew its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 21.6% during the 4th quarter. Mariner LLC now owns 5,711 shares of the company’s stock worth $208,000 after acquiring an additional 1,013 shares during the period. Finally, Brookwood Investment Group LLC grew its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 13.7% during the 3rd quarter. Brookwood Investment Group LLC now owns 5,039 shares of the company’s stock worth $228,000 after acquiring an additional 607 shares during the period.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.