Lido Advisors LLC Makes New $527,000 Investment in Bitwise Bitcoin ETF $BITB

Lido Advisors LLC bought a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,323 shares of the company’s stock, valued at approximately $527,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BITB. Wells Fargo & Company MN boosted its holdings in Bitwise Bitcoin ETF by 323.9% during the fourth quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock worth $39,051,000 after purchasing an additional 627,405 shares during the last quarter. Tidal Investments LLC increased its stake in Bitwise Bitcoin ETF by 168.9% in the 3rd quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock valued at $33,118,000 after buying an additional 334,296 shares during the last quarter. Consolidated Portfolio Review Corp increased its stake in Bitwise Bitcoin ETF by 2,352.8% in the 4th quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock valued at $15,996,000 after buying an additional 322,613 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Bitwise Bitcoin ETF by 40.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock worth $52,578,000 after buying an additional 315,860 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Bitwise Bitcoin ETF by 269,348.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 207,475 shares of the company’s stock worth $9,868,000 after buying an additional 207,398 shares in the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of NYSEARCA BITB opened at $35.14 on Friday. The stock’s 50 day moving average price is $35.19 and its 200-day moving average price is $38.91. Bitwise Bitcoin ETF has a twelve month low of $31.49 and a twelve month high of $68.74.

Bitwise Bitcoin ETF Company 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.