Clear Creek Financial Management LLC Buys 28,992 Shares of Bitwise Bitcoin ETF $BITB

Clear Creek Financial Management LLC increased its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 18.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 184,874 shares of the company’s stock after purchasing an additional 28,992 shares during the quarter. Bitwise Bitcoin ETF makes up 1.0% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 15th largest holding. Clear Creek Financial Management LLC owned approximately 0.25% of Bitwise Bitcoin ETF worth $10,832,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sculptor Capital LP bought a new position in shares of Bitwise Bitcoin ETF in the first quarter valued at approximately $16,488,000. Beaird Harris Wealth Management LLC grew its stake in Bitwise Bitcoin ETF by 53.2% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 535,732 shares of the company’s stock valued at $24,044,000 after buying an additional 185,930 shares during the last quarter. DRW Securities LLC bought a new position in Bitwise Bitcoin ETF in the 1st quarter worth $7,853,000. PNC Financial Services Group Inc. raised its holdings in Bitwise Bitcoin ETF by 48.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 454,191 shares of the company’s stock worth $20,384,000 after acquiring an additional 147,304 shares during the period. Finally, Crumly & Associates Inc. acquired a new position in Bitwise Bitcoin ETF during the 1st quarter worth $4,591,000.

Bitwise Bitcoin ETF Stock Up 1.5%

Shares of NYSEARCA:BITB opened at $67.12 on Thursday. The stock’s 50-day moving average is $62.54 and its 200-day moving average is $57.65. Bitwise Bitcoin ETF has a 52-week low of $32.04 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.