Silvercrest Asset Management Group LLC Takes $1.01 Million Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Silvercrest Asset Management Group LLC purchased a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,094 shares of the company’s stock, valued at approximately $1,010,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ballew Advisors Inc purchased a new stake in Bitwise Bitcoin ETF in the 1st quarter worth approximately $230,000. Morton Capital Management LLC CA purchased a new stake in Bitwise Bitcoin ETF in the 1st quarter worth approximately $249,000. IMC Chicago LLC purchased a new stake in Bitwise Bitcoin ETF in the 1st quarter worth approximately $20,530,000. Sound Income Strategies LLC purchased a new stake in Bitwise Bitcoin ETF in the 1st quarter worth approximately $43,000. Finally, Brookstone Capital Management purchased a new stake in Bitwise Bitcoin ETF in the 1st quarter worth approximately $357,000.

Bitwise Bitcoin ETF Price Performance

Bitwise Bitcoin ETF stock opened at $35.92 on Wednesday. The firm has a 50 day moving average of $35.34 and a 200 day moving average of $33.30. Bitwise Bitcoin ETF has a 12-month low of $21.05 and a 12-month high of $40.16.

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.