Belpointe Asset Management LLC Lowers Stock Holdings in Bitwise Bitcoin ETF $BITB

Belpointe Asset Management LLC lowered its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 42.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,501 shares of the company’s stock after selling 17,199 shares during the period. Belpointe Asset Management LLC’s holdings in Bitwise Bitcoin ETF were worth $1,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Gunderson Capital Management Inc. grew its position in shares of Bitwise Bitcoin ETF by 4.7% in the third quarter. Gunderson Capital Management Inc. now owns 4,120 shares of the company’s stock valued at $256,000 after purchasing an additional 184 shares during the period. Advisory Resource Group grew its position in shares of Bitwise Bitcoin ETF by 5.3% in the third quarter. Advisory Resource Group now owns 3,705 shares of the company’s stock valued at $231,000 after purchasing an additional 185 shares during the period. Weaver Consulting Group grew its position in shares of Bitwise Bitcoin ETF by 5.7% in the third quarter. Weaver Consulting Group now owns 3,753 shares of the company’s stock valued at $234,000 after purchasing an additional 202 shares during the period. Focus Partners Wealth grew its position in shares of Bitwise Bitcoin ETF by 0.8% in the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after purchasing an additional 244 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Bitwise Bitcoin ETF by 1.7% in the second quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock valued at $886,000 after purchasing an additional 255 shares during the period.

Bitwise Bitcoin ETF Stock Up 5.1%

Shares of NYSEARCA:BITB opened at $42.84 on Thursday. Bitwise Bitcoin ETF has a 52 week low of $33.81 and a 52 week high of $68.74. The business has a fifty day simple moving average of $38.10 and a 200-day simple moving average of $46.72.

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.