Summit Wealth Partners LLC Invests $1.02 Million in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Summit Wealth Partners LLC purchased a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the second quarter, Holdings Channel.com reports. The fund purchased 31,060 shares of the company’s stock, valued at approximately $1,015,000.

Several other institutional investors have also recently bought and sold shares of the business. Creative Planning raised its holdings in shares of Bitwise Bitcoin ETF by 3.3% in the second quarter. Creative Planning now owns 39,875 shares of the company’s stock valued at $1,304,000 after buying an additional 1,274 shares during the last quarter. Magnolia Capital Advisors LLC raised its stake in shares of Bitwise Bitcoin ETF by 69.5% in the second quarter. Magnolia Capital Advisors LLC now owns 141,650 shares of the company’s stock worth $4,631,000 after acquiring an additional 58,064 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Bitwise Bitcoin ETF by 238.5% in the second quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock worth $62,065,000 after acquiring an additional 1,337,765 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its position in shares of Bitwise Bitcoin ETF by 3,147.3% during the second quarter. Beaird Harris Wealth Management LLC now owns 89,949 shares of the company’s stock worth $2,940,000 after purchasing an additional 87,179 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Bitwise Bitcoin ETF by 71.3% during the second quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock valued at $64,711,000 after purchasing an additional 823,817 shares during the last quarter.

Bitwise Bitcoin ETF Stock Performance

BITB stock opened at $33.64 on Wednesday. The company has a 50 day moving average price of $33.08 and a 200 day moving average price of $34.68. Bitwise Bitcoin ETF has a fifty-two week low of $21.05 and a fifty-two week high of $40.16.

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.