Bitwise Bitcoin ETF $BITB Stock: Magnus Financial Group LLC Boosts Holdings

Magnus Financial Group LLC raised its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 11.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 360,534 shares of the company’s stock after purchasing an additional 37,308 shares during the period. Bitwise Bitcoin ETF makes up 1.1% of Magnus Financial Group LLC’s portfolio, making the stock its 22nd biggest position. Magnus Financial Group LLC’s holdings in Bitwise Bitcoin ETF were worth $16,354,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BITB. RFG Advisory LLC boosted its holdings in Bitwise Bitcoin ETF by 34.9% during the second quarter. RFG Advisory LLC now owns 114,140 shares of the company’s stock valued at $3,636,000 after purchasing an additional 29,558 shares in the last quarter. Crumly & Associates Inc. grew its stake in shares of Bitwise Bitcoin ETF by 8.6% in the 3rd quarter. Crumly & Associates Inc. now owns 270,391 shares of the company’s stock valued at $12,265,000 after purchasing an additional 21,347 shares during the period. Bank of America Corp DE raised its holdings in shares of Bitwise Bitcoin ETF by 134.2% in the 1st quarter. Bank of America Corp DE now owns 216,907 shares of the company’s stock worth $7,984,000 after buying an additional 124,299 shares in the last quarter. Seal Cove Capital LLC bought a new position in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $1,297,000. Finally, Atomic Invest LLC lifted its position in shares of Bitwise Bitcoin ETF by 34.4% during the 2nd quarter. Atomic Invest LLC now owns 239,200 shares of the company’s stock worth $7,833,000 after buying an additional 61,224 shares during the period.

Bitwise Bitcoin ETF Stock Up 2.4%

Shares of BITB stock opened at $45.82 on Thursday. The stock’s fifty day simple moving average is $43.04 and its 200 day simple moving average is $39.40. Bitwise Bitcoin ETF has a one year low of $31.49 and a one year high of $63.16.

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.