Jane Street Group LLC Makes New Investment in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Jane Street Group LLC purchased a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,389,516 shares of the company’s stock, valued at approximately $53,788,000.

Several other large investors have also modified their holdings of BITB. Benedetti & Gucer Inc. purchased a new stake in Bitwise Bitcoin ETF during the 1st quarter worth about $1,065,000. Brookstone Capital Management purchased a new stake in Bitwise Bitcoin ETF during the 1st quarter worth about $357,000. Claro Advisors LLC purchased a new position in shares of Bitwise Bitcoin ETF in the 1st quarter valued at about $1,031,000. Commonwealth Equity Services LLC purchased a new position in shares of Bitwise Bitcoin ETF in the 1st quarter valued at about $536,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Bitwise Bitcoin ETF in the 1st quarter valued at about $1,352,000.

Bitwise Bitcoin ETF Trading Down 1.6 %

Shares of BITB traded down $0.56 during mid-day trading on Thursday, reaching $34.99. The company’s stock had a trading volume of 234,328 shares, compared to its average volume of 2,437,631. Bitwise Bitcoin ETF has a 12-month low of $21.05 and a 12-month high of $40.16. The company’s 50 day moving average is $35.29 and its 200 day moving average is $33.31.

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.