Bitwise Bitcoin ETF (NYSEARCA:BITB) Shares Acquired by Ovata Capital Management Ltd

Ovata Capital Management Ltd lifted its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 469,992 shares of the company’s stock after buying an additional 29,600 shares during the quarter. Bitwise Bitcoin ETF accounts for approximately 8.4% of Ovata Capital Management Ltd’s holdings, making the stock its 4th largest holding. Ovata Capital Management Ltd’s holdings in Bitwise Bitcoin ETF were worth $15,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BITB. Vance Wealth Inc. increased its stake in Bitwise Bitcoin ETF by 112.1% during the 2nd quarter. Vance Wealth Inc. now owns 20,850 shares of the company’s stock worth $682,000 after buying an additional 11,020 shares during the period. New Harbor Financial Group LLC lifted its stake in shares of Bitwise Bitcoin ETF by 3.0% in 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 in the last quarter. Embree Financial Group lifted its stake in shares of Bitwise Bitcoin ETF by 17.1% in the second quarter. Embree Financial Group now owns 47,515 shares of the company’s stock worth $1,553,000 after acquiring an additional 6,955 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in Bitwise Bitcoin ETF by 0.9% in the second quarter. Fielder Capital Group LLC now owns 381,020 shares of the company’s stock valued at $12,456,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Claro Advisors LLC grew its stake in Bitwise Bitcoin ETF by 13.8% during the 2nd quarter. Claro Advisors LLC now owns 30,319 shares of the company’s stock valued at $991,000 after purchasing an additional 3,675 shares in the last quarter.

Bitwise Bitcoin ETF Stock Down 3.5 %

Shares of BITB opened at $30.52 on Friday. The business’s 50 day moving average is $33.22 and its two-hundred day moving average is $34.73. Bitwise Bitcoin ETF has a 52-week low of $21.05 and a 52-week high of $40.16.

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.