Massmutual Trust Co. FSB ADV Invests $33,000 in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Massmutual Trust Co. FSB ADV acquired a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Benedetti & Gucer Inc. purchased a new position in shares of Bitwise Bitcoin ETF during the first quarter worth approximately $1,065,000. Brookstone Capital Management bought a new position in shares of Bitwise Bitcoin ETF during the 1st quarter valued at $357,000. Atria Investments Inc purchased a new position in Bitwise Bitcoin ETF in the 1st quarter worth $1,308,000. Claro Advisors LLC bought a new stake in Bitwise Bitcoin ETF in the first quarter worth $1,031,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Bitwise Bitcoin ETF during the first quarter valued at about $536,000.

Bitwise Bitcoin ETF Stock Up 6.1 %

Shares of NYSEARCA:BITB opened at $30.93 on Wednesday. The stock’s 50-day moving average price is $34.88 and its 200-day moving average price is $33.48. Bitwise Bitcoin ETF has a 12-month low of $21.05 and a 12-month high of $40.16.

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.