Sanctuary Advisors LLC Grows Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Sanctuary Advisors LLC lifted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 94.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,186 shares of the company’s stock after purchasing an additional 9,341 shares during the quarter. Sanctuary Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $976,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Creative Planning boosted its holdings in shares of Bitwise Bitcoin ETF by 22.9% during the third quarter. Creative Planning now owns 49,014 shares of the company’s stock worth $1,695,000 after purchasing an additional 9,139 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 valued at $86,000 after acquiring an additional 2,460 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Bitwise Bitcoin ETF in the third quarter valued at $259,000. Beam Wealth Advisors Inc. boosted its holdings in Bitwise Bitcoin ETF by 101.3% in the third quarter. Beam Wealth Advisors Inc. now owns 55,544 shares of the company’s stock valued at $1,921,000 after acquiring an additional 27,951 shares during the last quarter. Finally, Highline Wealth Partners LLC acquired a new position in Bitwise Bitcoin ETF in the third quarter valued at $2,388,000.

Bitwise Bitcoin ETF Trading Down 4.2 %

Shares of Bitwise Bitcoin ETF stock opened at $45.89 on Thursday. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month high of $59.07. The business’s fifty day moving average price is $53.18 and its 200 day moving average price is $44.54.

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.