27,793 Shares in Bitwise Bitcoin ETF (NYSEARCA:BITB) Acquired by Financial Management Professionals Inc.

Financial Management Professionals Inc. acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,793 shares of the company’s stock, valued at approximately $1,076,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BITB. Sound Income Strategies LLC acquired a new position in Bitwise Bitcoin ETF in the 1st quarter worth approximately $43,000. RFG Holdings Inc. acquired a new position in Bitwise Bitcoin ETF in the 1st quarter worth approximately $217,000. Ballew Advisors Inc acquired a new position in Bitwise Bitcoin ETF in the 1st quarter worth approximately $230,000. Morton Capital Management LLC CA acquired a new position in Bitwise Bitcoin ETF in the 1st quarter worth approximately $249,000. Finally, Brookstone Capital Management acquired a new position in Bitwise Bitcoin ETF in the 1st quarter worth approximately $357,000.

Bitwise Bitcoin ETF Price Performance

Bitwise Bitcoin ETF stock opened at $32.69 on Friday. The business has a 50 day moving average price of $35.58. Bitwise Bitcoin ETF has a 52 week low of $21.05 and a 52 week high of $40.16.

Bitwise Bitcoin ETF Company 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.