Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) Shares Down 2.4% – Should You Sell?

Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP)’s stock price was down 2.4% during mid-day trading on Friday . The company traded as low as $33.86 and last traded at $33.86. Approximately 1,599 shares traded hands during trading, a decline of 38% from the average daily volume of 2,569 shares. The stock had previously closed at $34.70.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Stock Performance

The business has a 50 day moving average of $27.49 and a 200-day moving average of $36.23.

Institutional Trading of Bitwise Bitcoin and Ether Equal Weight Strategy ETF

An institutional investor recently bought a new position in Bitwise Bitcoin and Ether Equal Weight Strategy ETF stock. Jane Street Group LLC purchased a new position in shares of Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned approximately 23.43% of Bitwise Bitcoin and Ether Equal Weight Strategy ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Company Profile

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.