Pasadena Private Wealth LLC Takes $294,000 Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Pasadena Private Wealth LLC bought a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 5,780 shares of the company’s stock, valued at approximately $294,000.

Other institutional investors have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its stake in Bitwise Bitcoin ETF by 4,033.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock valued at $9,585,000 after buying an additional 270,396 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in Bitwise Bitcoin ETF by 135.7% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock valued at $7,333,000 after purchasing an additional 122,045 shares during the last quarter. Kedalion Capital Management LLP purchased a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth $4,694,000. Clear Creek Financial Management LLC increased its holdings in Bitwise Bitcoin ETF by 173.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 126,395 shares of the company’s stock valued at $4,372,000 after purchasing an additional 80,226 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the 3rd quarter valued at $2,388,000.

Bitwise Bitcoin ETF Price Performance

BITB opened at $51.25 on Wednesday. The business has a fifty day moving average price of $53.86 and a 200 day moving average price of $43.70. Bitwise Bitcoin ETF has a 12 month low of $27.02 and a 12 month high of $59.07.

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.