Simplicity Wealth LLC Purchases New Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Simplicity Wealth LLC bought a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,799 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors also recently bought and sold shares of BITB. Gleason Group Inc. purchased a new stake in Bitwise Bitcoin ETF during the fourth quarter worth $25,000. VisionPoint Advisory Group LLC purchased a new stake in Bitwise Bitcoin ETF during the fourth quarter worth $56,000. Avior Wealth Management LLC acquired a new position in shares of Bitwise Bitcoin ETF in the third quarter worth $69,000. Farther Finance Advisors LLC raised its holdings in shares of Bitwise Bitcoin ETF by 6,150.0% in 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Bitwise Bitcoin ETF by 85.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,369 shares of the company’s stock worth $120,000 after acquiring an additional 1,091 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

NYSEARCA BITB opened at $45.21 on Wednesday. Bitwise Bitcoin ETF has a fifty-two week low of $27.02 and a fifty-two week high of $59.07. The business has a fifty day moving average of $52.17 and a 200-day moving average of $45.50.

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.