Park Place Capital Corp Makes New $34,000 Investment in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Park Place Capital Corp acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,045 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds have also recently made changes to their positions in the company. Ballew Advisors Inc bought a new stake in Bitwise Bitcoin ETF in the 1st quarter valued at about $230,000. Morton Capital Management LLC CA bought a new stake in Bitwise Bitcoin ETF in the 1st quarter valued at about $249,000. IMC Chicago LLC bought a new stake in Bitwise Bitcoin ETF in the 1st quarter valued at about $20,530,000. Sound Income Strategies LLC purchased a new stake in Bitwise Bitcoin ETF during the first quarter valued at about $43,000. Finally, Brookstone Capital Management purchased a new stake in Bitwise Bitcoin ETF during the first quarter valued at about $357,000.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA BITB traded down $0.45 during trading on Friday, hitting $34.06. 3,632,518 shares of the company’s stock traded hands, compared to its average volume of 2,475,254. The stock has a fifty day moving average of $35.17 and a two-hundred day moving average of $33.39. Bitwise Bitcoin ETF has a 12-month low of $21.05 and a 12-month high of $40.16.

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.