Ovata Capital Management Ltd Sells 79,000 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Ovata Capital Management Ltd lowered its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 390,992 shares of the company’s stock after selling 79,000 shares during the quarter. Bitwise Bitcoin ETF accounts for about 7.6% of Ovata Capital Management Ltd’s holdings, making the stock its 5th biggest position. Ovata Capital Management Ltd’s holdings in Bitwise Bitcoin ETF were worth $19,954,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Gleason Group Inc. acquired a new stake in shares of Bitwise Bitcoin ETF in the fourth quarter valued at about $25,000. VisionPoint Advisory Group LLC acquired a new position in Bitwise Bitcoin ETF during the fourth quarter worth about $56,000. Signaturefd LLC increased its holdings in Bitwise Bitcoin ETF by 819.7% in the fourth quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock valued at $62,000 after buying an additional 1,082 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter valued at approximately $66,000. Finally, Hollencrest Capital Management boosted its stake in shares of Bitwise Bitcoin ETF by 257.2% during the 4th quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock worth $77,000 after acquiring an additional 1,093 shares in the last quarter.

Bitwise Bitcoin ETF Stock Up 2.5 %

NYSEARCA BITB opened at $45.69 on Friday. The business has a 50 day moving average price of $49.26 and a 200 day moving average price of $47.08. Bitwise Bitcoin ETF has a 1-year low of $27.02 and a 1-year high of $59.07.

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.