Evoke Wealth LLC Invests $1.07 Million in Bitwise Bitcoin ETF $BITB

Evoke Wealth LLC bought a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the fourth quarter, Holdings Channel.com reports. The fund bought 22,585 shares of the company’s stock, valued at approximately $1,074,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BITB. Elequin Capital LP increased its position in shares of Bitwise Bitcoin ETF by 962.9% during the third quarter. Elequin Capital LP now owns 393,733 shares of the company’s stock worth $24,498,000 after purchasing an additional 356,688 shares in the last quarter. Tidal Investments LLC increased its position in shares of Bitwise Bitcoin ETF by 168.9% during the third quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock worth $33,118,000 after purchasing an additional 334,296 shares in the last quarter. Consolidated Portfolio Review Corp increased its position in shares of Bitwise Bitcoin ETF by 2,352.8% during the fourth quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock worth $15,996,000 after purchasing an additional 322,613 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Bitwise Bitcoin ETF by 269,348.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 207,475 shares of the company’s stock worth $9,868,000 after purchasing an additional 207,398 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Bitwise Bitcoin ETF by 38.1% during the third quarter. PNC Financial Services Group Inc. now owns 693,101 shares of the company’s stock worth $43,125,000 after purchasing an additional 191,146 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

NYSEARCA BITB opened at $41.14 on Friday. Bitwise Bitcoin ETF has a 52-week low of $33.81 and a 52-week high of $68.74. The business’s 50-day moving average price is $40.36 and its 200 day moving average price is $44.06.

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.