Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Trading 0.1% Higher – Here’s What Happened

Shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $37.78 and last traded at $37.71. Approximately 18,025 shares traded hands during trading, an increase of 104% from the average daily volume of 8,834 shares. The stock had previously closed at $37.69.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

The business’s 50 day moving average is $40.39 and its 200 day moving average is $44.83.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

A number of hedge funds have recently made changes to their positions in the stock. Dagco Inc. purchased a new position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the third quarter valued at about $76,000. Brookwood Investment Group LLC bought a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the 2nd quarter valued at about $201,000. Jane Street Group LLC grew its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 78.0% in the 1st quarter. Jane Street Group LLC now owns 10,157 shares of the company’s stock worth $422,000 after buying an additional 4,450 shares during the last quarter. Atria Investments Inc raised its stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 18.4% during the 2nd quarter. Atria Investments Inc now owns 13,932 shares of the company’s stock worth $632,000 after acquiring an additional 2,169 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the first quarter valued at approximately $1,461,000.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.