29,000 Shares in Bitwise Bitcoin ETF (NYSEARCA:BITB) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 29,000 shares of the company’s stock, valued at approximately $1,475,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BITB. Gleason Group Inc. purchased a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth $25,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter valued at about $56,000. Signaturefd LLC increased its holdings in Bitwise Bitcoin ETF by 819.7% in the fourth quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock worth $62,000 after buying an additional 1,082 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $66,000. Finally, Hollencrest Capital Management lifted its stake in Bitwise Bitcoin ETF by 257.2% in the fourth quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock valued at $77,000 after acquiring an additional 1,093 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

BITB stock opened at $51.59 on Tuesday. Bitwise Bitcoin ETF has a 12 month low of $27.02 and a 12 month high of $59.07. The firm has a 50 day moving average of $46.69 and a two-hundred day moving average of $48.75.

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.