TAP Consulting LLC Has $2.76 Million Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

TAP Consulting LLC reduced its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,296 shares of the company’s stock after selling 1,560 shares during the quarter. TAP Consulting LLC’s holdings in Bitwise Bitcoin ETF were worth $2,761,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Bitwise Bitcoin ETF in the third quarter worth approximately $341,000. CreativeOne Wealth LLC bought a new stake in Bitwise Bitcoin ETF in the third quarter worth $259,000. Brookstone Capital Management increased its position in Bitwise Bitcoin ETF by 48.9% during the fourth quarter. Brookstone Capital Management now owns 17,413 shares of the company’s stock worth $885,000 after buying an additional 5,720 shares during the last quarter. TRUE Private Wealth Advisors raised its holdings in Bitwise Bitcoin ETF by 9.2% during the third quarter. TRUE Private Wealth Advisors now owns 17,442 shares of the company’s stock valued at $603,000 after buying an additional 1,471 shares in the last quarter. Finally, Gunderson Capital Management Inc. lifted its position in shares of Bitwise Bitcoin ETF by 16.2% in the fourth quarter. Gunderson Capital Management Inc. now owns 7,891 shares of the company’s stock worth $401,000 after buying an additional 1,100 shares during the last quarter.

Bitwise Bitcoin ETF Trading Up 3.9 %

BITB opened at $46.55 on Thursday. The stock has a 50-day moving average of $51.28 and a 200-day moving average of $45.93. Bitwise Bitcoin ETF has a 52-week low of $27.02 and a 52-week high of $59.07.

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.