Arete Wealth Advisors LLC Raises Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Arete Wealth Advisors LLC lifted its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 73.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,112 shares of the company’s stock after acquiring an additional 9,350 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $1,127,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in Bitwise Bitcoin ETF during the 3rd quarter worth approximately $216,000. Kovitz Investment Group Partners LLC acquired a new position in Bitwise Bitcoin ETF during the third quarter worth $1,401,000. Orion Portfolio Solutions LLC raised its position in Bitwise Bitcoin ETF by 4,033.4% in the third quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock worth $9,585,000 after acquiring an additional 270,396 shares in the last quarter. Soltis Investment Advisors LLC lifted its holdings in Bitwise Bitcoin ETF by 39.4% in the third quarter. Soltis Investment Advisors LLC now owns 95,870 shares of the company’s stock valued at $3,316,000 after acquiring an additional 27,103 shares during the period. Finally, Virtu Financial LLC boosted its position in shares of Bitwise Bitcoin ETF by 284.7% during the 3rd quarter. Virtu Financial LLC now owns 74,634 shares of the company’s stock worth $2,582,000 after purchasing an additional 55,234 shares in the last quarter.

Bitwise Bitcoin ETF Trading Up 2.5 %

Shares of BITB opened at $45.69 on Friday. Bitwise Bitcoin ETF has a 52-week low of $27.02 and a 52-week high of $59.07. The company has a 50-day simple moving average of $49.26 and a 200-day simple moving average of $47.08.

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.