Proficio Capital Partners LLC Boosts Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Proficio Capital Partners LLC increased its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 6,348.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,102,749 shares of the company’s stock after purchasing an additional 2,070,139 shares during the period. Proficio Capital Partners LLC’s holdings in Bitwise Bitcoin ETF were worth $106,925,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. purchased a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth approximately $486,000. WT Wealth Management purchased a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth approximately $981,000. Apriem Advisors purchased a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth approximately $265,000. JBR Co Financial Management Inc purchased a new position in Bitwise Bitcoin ETF in the 4th quarter valued at approximately $218,000. Finally, VisionPoint Advisory Group LLC purchased a new position in Bitwise Bitcoin ETF in the 4th quarter valued at approximately $56,000.

Bitwise Bitcoin ETF Price Performance

Shares of BITB stock opened at $45.36 on Friday. Bitwise Bitcoin ETF has a 52 week low of $27.02 and a 52 week high of $59.07. The firm has a 50 day moving average of $53.03 and a two-hundred day moving average of $44.55.

About Bitwise Bitcoin ETF

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.