BXM Wealth LLC Makes New $1.44 Million Investment in Bitwise Bitcoin ETF $BITB

BXM Wealth LLC acquired a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,324 shares of the company’s stock, valued at approximately $1,442,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth about $516,000. Focus Partners Wealth increased its position in Bitwise Bitcoin ETF by 0.8% in the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after acquiring an additional 244 shares during the period. JPMorgan Chase & Co. raised its stake in Bitwise Bitcoin ETF by 1,519.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 50,076 shares of the company’s stock valued at $2,934,000 after acquiring an additional 46,983 shares during the last quarter. CW Advisors LLC purchased a new stake in Bitwise Bitcoin ETF during the 2nd quarter valued at approximately $228,000. Finally, Guggenheim Capital LLC lifted its position in Bitwise Bitcoin ETF by 1.9% during the 2nd quarter. Guggenheim Capital LLC now owns 90,641 shares of the company’s stock worth $5,311,000 after acquiring an additional 1,726 shares during the period.

Bitwise Bitcoin ETF Stock Performance

Shares of BITB stock opened at $36.39 on Monday. The business’s 50 day moving average is $38.54 and its two-hundred day moving average is $48.66. Bitwise Bitcoin ETF has a twelve month low of $33.81 and a twelve month high of $68.74.

About Bitwise Bitcoin ETF

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.