Cedrus LLC Grows Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Cedrus LLC raised its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 12.8% in the third quarter, Holdings Channel reports. The institutional investor owned 21,196 shares of the company’s stock after purchasing an additional 2,397 shares during the period. Cedrus LLC’s holdings in Bitwise Bitcoin ETF were worth $733,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV purchased a new position in Bitwise Bitcoin ETF in the second quarter valued at $33,000. Park Place Capital Corp purchased a new position in Bitwise Bitcoin ETF in the second quarter valued at $34,000. Sound Income Strategies LLC purchased a new position in Bitwise Bitcoin ETF in the first quarter valued at $43,000. Headlands Technologies LLC purchased a new position in Bitwise Bitcoin ETF in the first quarter valued at $93,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Bitwise Bitcoin ETF in the first quarter valued at $107,000.

Bitwise Bitcoin ETF Price Performance

BITB stock opened at $37.38 on Friday. The firm has a 50-day simple moving average of $33.31 and a 200-day simple moving average of $34.49. Bitwise Bitcoin ETF has a 52 week low of $21.05 and a 52 week high of $40.16.

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.