Magnolia Capital Advisors LLC Acquires 58,064 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Magnolia Capital Advisors LLC grew its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 69.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 141,650 shares of the company’s stock after purchasing an additional 58,064 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $4,631,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BITB. Millennium Management LLC lifted its position in Bitwise Bitcoin ETF by 71.3% during the 2nd quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock worth $64,711,000 after buying an additional 823,817 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of Bitwise Bitcoin ETF by 238.5% in the second quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock valued at $62,065,000 after purchasing an additional 1,337,765 shares in the last quarter. Jane Street Group LLC bought a new position in Bitwise Bitcoin ETF in the 1st quarter worth approximately $53,788,000. IMC Chicago LLC raised its position in Bitwise Bitcoin ETF by 11.6% in the 2nd quarter. IMC Chicago LLC now owns 591,651 shares of the company’s stock worth $19,341,000 after purchasing an additional 61,303 shares during the last quarter. Finally, Hunting Hill Global Capital LLC acquired a new position in Bitwise Bitcoin ETF during the 2nd quarter worth $18,315,000.

Bitwise Bitcoin ETF Price Performance

NYSEARCA BITB opened at $35.80 on Friday. Bitwise Bitcoin ETF has a 52 week low of $21.05 and a 52 week high of $40.16. The stock has a fifty day moving average of $33.17 and a 200-day moving average of $34.79.

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.