Envestnet Asset Management Inc. Acquires 16,041 Shares of Bitwise Bitcoin ETF $BITB

Envestnet Asset Management Inc. increased its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 12.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 142,317 shares of the company’s stock after purchasing an additional 16,041 shares during the period. Envestnet Asset Management Inc. owned approximately 0.20% of Bitwise Bitcoin ETF worth $8,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gunderson Capital Management Inc. lifted its holdings in shares of Bitwise Bitcoin ETF by 4.7% during the third quarter. Gunderson Capital Management Inc. now owns 4,120 shares of the company’s stock worth $256,000 after buying an additional 184 shares during the last quarter. Advisory Resource Group grew its stake 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 worth $231,000 after acquiring an additional 185 shares during the last quarter. Leverty Financial Group LLC increased its position in Bitwise Bitcoin ETF by 2.4% during the third quarter. Leverty Financial Group LLC now owns 9,409 shares of the company’s stock worth $585,000 after acquiring an additional 224 shares during the period. Focus Partners Wealth raised its stake in Bitwise Bitcoin ETF by 0.8% during the 1st 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 last quarter. Finally, Captrust Financial Advisors raised its stake in Bitwise Bitcoin ETF by 1.7% during the 2nd 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 last quarter.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA BITB opened at $36.45 on Friday. The company’s fifty day moving average is $45.56 and its two-hundred day moving average is $54.14. Bitwise Bitcoin ETF has a 52-week low of $33.81 and a 52-week high of $68.74.

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.