Farther Finance Advisors LLC Acquires 12,212 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Farther Finance Advisors LLC boosted its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 488.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,712 shares of the company’s stock after acquiring an additional 12,212 shares during the period. Farther Finance Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BITB. Proficio Capital Partners LLC grew its holdings in Bitwise Bitcoin ETF by 6,348.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,102,749 shares of the company’s stock valued at $106,925,000 after buying an additional 2,070,139 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in Bitwise Bitcoin ETF by 4,033.4% during the third quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock worth $9,585,000 after buying an additional 270,396 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Bitwise Bitcoin ETF by 137.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 306,887 shares of the company’s stock worth $15,605,000 after purchasing an additional 177,401 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in shares of Bitwise Bitcoin ETF by 135.7% in the third quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock worth $7,333,000 after purchasing an additional 122,045 shares during the period. Finally, Kedalion Capital Management LLP acquired a new position in Bitwise Bitcoin ETF in the fourth quarter valued at about $4,694,000.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA BITB opened at $46.08 on Friday. 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 price of $51.72 and a two-hundred day moving average price of $45.65.

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.