Salus Financial Advisors LLC Has $2.92 Million Stock Position in Bitwise Bitcoin ETF $BITB

Salus Financial Advisors LLC boosted its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 80.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 79,276 shares of the company’s stock after purchasing an additional 35,403 shares during the period. Bitwise Bitcoin ETF comprises 1.7% of Salus Financial Advisors LLC’s holdings, making the stock its 13th largest position. Salus Financial Advisors LLC owned about 0.11% of Bitwise Bitcoin ETF worth $2,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN raised its stake in Bitwise Bitcoin ETF by 323.9% in the fourth quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock valued at $39,051,000 after buying an additional 627,405 shares during the period. Elequin Capital LP boosted its stake in shares of Bitwise Bitcoin ETF by 962.9% during the 3rd quarter. Elequin Capital LP now owns 393,733 shares of the company’s stock worth $24,498,000 after acquiring an additional 356,688 shares during the period. Tidal Investments LLC boosted its stake in shares of Bitwise Bitcoin ETF by 168.9% during the 3rd quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock worth $33,118,000 after acquiring an additional 334,296 shares during the period. Consolidated Portfolio Review Corp increased its holdings in shares of Bitwise Bitcoin ETF by 2,352.8% during the 4th quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock worth $15,996,000 after acquiring an additional 322,613 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Bitwise Bitcoin ETF by 40.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock worth $52,578,000 after acquiring an additional 315,860 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 2.7%

Shares of Bitwise Bitcoin ETF stock opened at $31.86 on Wednesday. The business has a fifty day simple moving average of $38.70 and a two-hundred day simple moving average of $41.01. Bitwise Bitcoin ETF has a 1 year low of $31.49 and a 1 year high of $68.74.

About Bitwise Bitcoin ETF

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.