Crumly & Associates Inc. Acquires 19,333 Shares of Bitwise Bitcoin ETF $BITB

Crumly & Associates Inc. raised its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 18.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,633 shares of the company’s stock after purchasing an additional 19,333 shares during the quarter. Bitwise Bitcoin ETF accounts for 1.7% of Crumly & Associates Inc.’s portfolio, making the stock its 19th largest holding. Crumly & Associates Inc. owned approximately 0.17% of Bitwise Bitcoin ETF worth $7,126,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Beaird Harris Wealth Management LLC lifted its position in shares of Bitwise Bitcoin ETF by 53.2% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 535,732 shares of the company’s stock worth $24,044,000 after buying an additional 185,930 shares during the period. PNC Financial Services Group Inc. raised its stake in Bitwise Bitcoin ETF by 48.0% during the first quarter. PNC Financial Services Group Inc. now owns 454,191 shares of the company’s stock worth $20,384,000 after acquiring an additional 147,304 shares in the last quarter. Sculptor Capital LP bought a new position in shares of Bitwise Bitcoin ETF during the first quarter valued at $16,488,000. Elequin Capital LP lifted its holdings in shares of Bitwise Bitcoin ETF by 28.5% during the fourth quarter. Elequin Capital LP now owns 331,972 shares of the company’s stock valued at $16,881,000 after acquiring an additional 73,703 shares during the period. Finally, Traphagen Investment Advisors LLC boosted its stake in shares of Bitwise Bitcoin ETF by 38.8% in the 1st quarter. Traphagen Investment Advisors LLC now owns 221,918 shares of the company’s stock valued at $9,960,000 after purchasing an additional 62,073 shares in the last quarter.

Bitwise Bitcoin ETF Stock Up 2.1%

BITB opened at $63.60 on Friday. The firm’s 50-day simple moving average is $62.53 and its 200-day simple moving average is $55.49. Bitwise Bitcoin ETF has a twelve month low of $31.31 and a twelve month high of $66.90.

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.