Claro Advisors LLC Grows Position in Bitwise Bitcoin ETF $BITB

Claro Advisors LLC increased its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 21.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,433 shares of the company’s stock after buying an additional 12,197 shares during the period. Claro Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $4,009,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sculptor Capital LP purchased a new position in Bitwise Bitcoin ETF in the first quarter valued at approximately $16,488,000. Beaird Harris Wealth Management LLC increased its stake in Bitwise Bitcoin ETF by 53.2% in the first quarter. Beaird Harris Wealth Management LLC now owns 535,732 shares of the company’s stock valued at $24,044,000 after purchasing an additional 185,930 shares during the last quarter. DRW Securities LLC purchased a new position in Bitwise Bitcoin ETF in the first quarter valued at approximately $7,853,000. PNC Financial Services Group Inc. increased its stake in Bitwise Bitcoin ETF by 48.0% in the first quarter. PNC Financial Services Group Inc. now owns 454,191 shares of the company’s stock valued at $20,384,000 after purchasing an additional 147,304 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Bitwise Bitcoin ETF by 187.5% in the first quarter. Envestnet Asset Management Inc. now owns 134,776 shares of the company’s stock valued at $6,049,000 after purchasing an additional 87,890 shares during the last quarter.

Bitwise Bitcoin ETF Trading Down 5.5%

Shares of Bitwise Bitcoin ETF stock opened at $54.77 on Wednesday. Bitwise Bitcoin ETF has a 52 week low of $37.44 and a 52 week high of $68.74. The firm’s 50 day moving average is $61.53 and its two-hundred day moving average is $59.89.

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.