Winthrop Capital Management LLC Increases Position in Bitwise Bitcoin ETF $BITB

Winthrop Capital Management LLC increased its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 22,784.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,779 shares of the company’s stock after acquiring an additional 53,544 shares during the period. Winthrop Capital Management LLC’s holdings in Bitwise Bitcoin ETF were worth $2,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. a16z Perennial Management L.P. grew its position in Bitwise Bitcoin ETF by 216.4% in the fourth quarter. a16z Perennial Management L.P. now owns 50,502 shares of the company’s stock worth $2,402,000 after acquiring an additional 34,541 shares in the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in Bitwise Bitcoin ETF by 73.3% in the fourth quarter. Parr Mcknight Wealth Management Group LLC now owns 11,999 shares of the company’s stock worth $571,000 after acquiring an additional 5,076 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in Bitwise Bitcoin ETF in the fourth quarter worth $119,000. Weaver Consulting Group grew its position in Bitwise Bitcoin ETF by 148.0% in the fourth quarter. Weaver Consulting Group now owns 9,308 shares of the company’s stock worth $443,000 after acquiring an additional 5,555 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in Bitwise Bitcoin ETF by 1,087.5% in the fourth quarter. Rothschild Investment LLC now owns 2,375 shares of the company’s stock worth $113,000 after acquiring an additional 2,175 shares in the last quarter.

Bitwise Bitcoin ETF Trading Down 6.0%

Shares of NYSEARCA:BITB opened at $36.49 on Wednesday. The firm has a fifty day moving average of $40.51 and a 200 day moving average of $43.30. Bitwise Bitcoin ETF has a 52-week low of $33.81 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.