Park Place Capital Corp acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) 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.
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