Cedrus LLC Raises Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Cedrus LLC boosted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 12.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,196 shares of the company’s stock after buying an additional 2,397 shares during the quarter. Cedrus LLC’s holdings in Bitwise Bitcoin ETF were worth $733,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BITB. Massmutual Trust Co. FSB ADV acquired a new stake in Bitwise Bitcoin ETF in the second quarter valued at approximately $33,000. Park Place Capital Corp acquired a new stake in Bitwise Bitcoin ETF in the second quarter valued at approximately $34,000. Sound Income Strategies LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the first quarter worth $43,000. Headlands Technologies LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the first quarter worth $93,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the first quarter worth $107,000.

Bitwise Bitcoin ETF Trading Up 2.7 %

NYSEARCA:BITB opened at $37.38 on Friday. Bitwise Bitcoin ETF has a 12 month low of $21.05 and a 12 month high of $40.16. The firm has a fifty day simple moving average of $33.31 and a 200-day simple moving average of $34.49.

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.