Ovata Capital Management Ltd Has $15.45 Million Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Ovata Capital Management Ltd increased its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 469,992 shares of the company’s stock after purchasing an additional 29,600 shares during the quarter. Bitwise Bitcoin ETF accounts for about 8.4% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 4th largest holding. Ovata Capital Management Ltd’s holdings in Bitwise Bitcoin ETF were worth $15,454,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vance Wealth Inc. lifted its position in shares of Bitwise Bitcoin ETF by 112.1% in the 2nd quarter. Vance Wealth Inc. now owns 20,850 shares of the company’s stock worth $682,000 after buying an additional 11,020 shares during the last quarter. New Harbor Financial Group LLC raised its stake in Bitwise Bitcoin ETF by 3.0% during the second quarter. New Harbor Financial Group LLC now owns 20,642 shares of the company’s stock worth $675,000 after acquiring an additional 600 shares during the period. Embree Financial Group lifted its holdings in Bitwise Bitcoin ETF by 17.1% in the second quarter. Embree Financial Group now owns 47,515 shares of the company’s stock worth $1,553,000 after acquiring an additional 6,955 shares during the last quarter. Fielder Capital Group LLC boosted its stake in Bitwise Bitcoin ETF by 0.9% in the second quarter. Fielder Capital Group LLC now owns 381,020 shares of the company’s stock valued at $12,456,000 after acquiring an additional 3,496 shares during the period. Finally, Claro Advisors LLC grew its holdings in shares of Bitwise Bitcoin ETF by 13.8% during the second quarter. Claro Advisors LLC now owns 30,319 shares of the company’s stock valued at $991,000 after purchasing an additional 3,675 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA BITB opened at $30.52 on Friday. Bitwise Bitcoin ETF has a 12-month low of $21.05 and a 12-month high of $40.16. The stock’s 50 day simple moving average is $33.22 and its 200 day simple moving average is $34.73.

About Bitwise Bitcoin ETF

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.