Shore Point Advisors LLC Has $315,000 Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Shore Point Advisors LLC lifted its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 4.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,189 shares of the company’s stock after purchasing an additional 250 shares during the period. Shore Point Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Gleason Group Inc. bought a new stake in Bitwise Bitcoin ETF during the 4th quarter valued at $25,000. Fairway Wealth LLC grew its holdings in shares of Bitwise Bitcoin ETF by 258.1% during the third quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after buying an additional 800 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of Bitwise Bitcoin ETF during the third quarter valued at about $69,000. Farther Finance Advisors LLC increased its position in shares of Bitwise Bitcoin ETF by 6,150.0% during the third quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock worth $86,000 after acquiring an additional 2,460 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Bitwise Bitcoin ETF by 381.5% in the 3rd quarter. Allworth Financial LP now owns 2,557 shares of the company’s stock worth $88,000 after acquiring an additional 2,026 shares during the last quarter.

Bitwise Bitcoin ETF Stock Up 4.4 %

Shares of NYSEARCA BITB opened at $57.08 on Monday. The firm’s 50-day simple moving average is $52.55 and its 200 day simple moving average is $40.59. Bitwise Bitcoin ETF has a fifty-two week low of $21.05 and a fifty-two week high of $59.07.

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.