NewEdge Wealth LLC Has $2.23 Million Holdings in Bitwise Bitcoin ETF $BITB

NewEdge Wealth LLC raised its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 695.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,495 shares of the company’s stock after buying an additional 52,886 shares during the period. NewEdge Wealth LLC’s holdings in Bitwise Bitcoin ETF were worth $2,227,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BITB. PNC Financial Services Group Inc. boosted its stake in shares of Bitwise Bitcoin ETF by 19.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock worth $34,192,000 after acquiring an additional 153,599 shares during the period. Parallel Advisors LLC raised its stake in Bitwise Bitcoin ETF by 5.4% in the 1st quarter. Parallel Advisors LLC now owns 5,905 shares of the company’s stock valued at $217,000 after acquiring an additional 303 shares during the period. Precision Wealth Strategies LLC lifted its holdings in Bitwise Bitcoin ETF by 48.2% during the 1st quarter. Precision Wealth Strategies LLC now owns 38,053 shares of the company’s stock valued at $1,401,000 after purchasing an additional 12,379 shares during the last quarter. Independent Financial Group LLC acquired a new stake in Bitwise Bitcoin ETF during the 1st quarter valued at $657,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Bitwise Bitcoin ETF by 53.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the company’s stock valued at $44,000 after purchasing an additional 421 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 0.9%

BITB stock opened at $34.84 on Friday. Bitwise Bitcoin ETF has a one year low of $31.49 and a one year high of $68.74. The company has a fifty day moving average price of $35.76 and a two-hundred day moving average price of $39.41.

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.