Embree Financial Group Takes $1.57 Million Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Embree Financial Group purchased a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,560 shares of the company’s stock, valued at approximately $1,570,000.

Several other hedge funds have also modified their holdings of BITB. IMC Chicago LLC bought a new position in Bitwise Bitcoin ETF in the first quarter valued at approximately $20,530,000. Fielder Capital Group LLC bought a new position in Bitwise Bitcoin ETF in the first quarter valued at approximately $14,614,000. Artemis Wealth Advisors LLC bought a new position in shares of Bitwise Bitcoin ETF during the first quarter worth $5,806,000. Refined Wealth Management bought a new position in shares of Bitwise Bitcoin ETF during the first quarter worth $4,890,000. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Bitwise Bitcoin ETF during the first quarter worth $3,236,000.

Bitwise Bitcoin ETF Stock Down 1.0 %

Shares of NYSEARCA BITB traded down $0.30 during midday trading on Wednesday, reaching $31.26. 1,776,887 shares of the stock were exchanged, compared to its average volume of 2,517,402. The business’s 50-day moving average is $35.24. Bitwise Bitcoin ETF has a 12 month low of $21.05 and a 12 month high of $40.16.

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.