Claro Advisors LLC Acquires New Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Claro Advisors LLC bought a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,644 shares of the company’s stock, valued at approximately $1,031,000.

A number of other hedge funds also recently bought and sold shares of BITB. Sound Income Strategies LLC bought a new position in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Bitwise Bitcoin ETF in the 1st quarter valued at $158,000. RFG Holdings Inc. purchased a new position in Bitwise Bitcoin ETF in the 1st quarter worth $217,000. Ballew Advisors Inc acquired a new stake in Bitwise Bitcoin ETF during the 1st quarter worth about $230,000. Finally, Morton Capital Management LLC CA purchased a new stake in Bitwise Bitcoin ETF during the 1st quarter valued at about $249,000.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA:BITB opened at $34.44 on Tuesday. Bitwise Bitcoin ETF has a 52-week low of $21.05 and a 52-week high of $40.16. The business has a 50-day moving average price of $35.54.

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.