RFG Advisory LLC Boosts Stock Holdings in Bitwise Bitcoin ETF $BITB

RFG Advisory LLC raised its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 34.9% in the second quarter, Holdings Channel.com reports. The fund owned 114,140 shares of the company’s stock after acquiring an additional 29,558 shares during the quarter. RFG Advisory LLC’s holdings in Bitwise Bitcoin ETF were worth $3,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the fourth quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in Bitwise Bitcoin ETF by 262.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after purchasing an additional 643 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Bitwise Bitcoin ETF by 53.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the company’s stock worth $44,000 after purchasing an additional 421 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth $65,000. Finally, Hollencrest Capital Management grew its holdings in shares of Bitwise Bitcoin ETF by 35.9% during the fourth quarter. Hollencrest Capital Management now owns 1,529 shares of the company’s stock worth $73,000 after buying an additional 404 shares in the last quarter.

Bitwise Bitcoin ETF Trading Down 0.3%

BITB stock opened at $42.43 on Thursday. Bitwise Bitcoin ETF has a 12 month low of $31.49 and a 12 month high of $68.74. The firm has a 50-day moving average of $37.10 and a two-hundred day moving average of $37.91.

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.