Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Trading Up 1.2% – Here’s Why

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOPGet Free Report)’s share price shot up 1.2% on Friday . The company traded as high as $30.00 and last traded at $29.35. 353 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 1,436 shares. The stock had previously closed at $28.99.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Trading Up 1.2%

The firm has a market cap of $4.40 million, a PE ratio of -587.00 and a beta of 2.73. The business has a fifty day moving average price of $28.45 and a 200 day moving average price of $31.76.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 26th were issued a dividend of $0.6862 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a yield of 238.0%. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF’s dividend payout ratio (DPR) is presently -41,620.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC purchased a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOPFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned about 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF at the end of the most recent reporting period.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

(Get Free Report)

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.

Further Reading

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