TAP Consulting LLC Has $1.93 Million Stock Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)
by Doug Wharley · The Cerbat GemTAP Consulting LLC lifted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,856 shares of the company’s stock after buying an additional 4,336 shares during the period. TAP Consulting LLC’s holdings in Bitwise Bitcoin ETF were worth $1,932,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Brookstone Capital Management lifted its stake in Bitwise Bitcoin ETF by 5.2% in the 2nd quarter. Brookstone Capital Management now owns 9,716 shares of the company’s stock valued at $342,000 after purchasing an additional 482 shares during the last quarter. New Harbor Financial Group LLC lifted its position in Bitwise Bitcoin ETF by 3.0% during the second quarter. New Harbor Financial Group LLC now owns 20,642 shares of the company’s stock worth $675,000 after acquiring an additional 600 shares during the last quarter. Morton Capital Management LLC CA lifted its position in Bitwise Bitcoin ETF by 11.6% during the third quarter. Morton Capital Management LLC CA now owns 8,566 shares of the company’s stock worth $296,000 after acquiring an additional 892 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Bitwise Bitcoin ETF during the second quarter worth approximately $33,000. Finally, Park Place Capital Corp acquired a new stake in Bitwise Bitcoin ETF during the second quarter worth approximately $34,000.
Bitwise Bitcoin ETF Trading Up 5.5 %
BITB stock traded up $1.78 during mid-day trading on Friday, hitting $34.28. 2,649,883 shares of the company were exchanged, compared to its average volume of 2,361,226. The business has a 50 day simple moving average of $32.75 and a 200-day simple moving average of $34.55. Bitwise Bitcoin ETF has a 1-year low of $21.05 and a 1-year high of $40.16.
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.
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