Kedalion Capital Management LLP Makes New $4.69 Million Investment in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Kedalion Capital Management LLP purchased a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 92,318 shares of the company’s stock, valued at approximately $4,694,000. Bitwise Bitcoin ETF makes up about 0.2% of Kedalion Capital Management LLP’s investment portfolio, making the stock its 5th largest position.

A number of other large investors have also made changes to their positions in BITB. Gleason Group Inc. acquired a new position in shares of Bitwise Bitcoin ETF during the fourth quarter worth $25,000. Fairway Wealth LLC raised its stake in Bitwise Bitcoin ETF by 258.1% in the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock worth $38,000 after acquiring an additional 800 shares during the last quarter. Avior Wealth Management LLC purchased a new position in Bitwise Bitcoin ETF in the 3rd quarter worth $69,000. Farther Finance Advisors LLC raised its stake in Bitwise Bitcoin ETF by 6,150.0% in the 3rd 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 during the last quarter. Finally, Allworth Financial LP raised its stake in 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 Performance

Shares of BITB stock opened at $52.42 on Friday. The business has a fifty day moving average of $53.93 and a 200 day moving average of $43.24. Bitwise Bitcoin ETF has a 1 year low of $27.02 and a 1 year high of $59.07.

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.