Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) Stock Price Up 0.2% – Time to Buy?

Shares of Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as $28.50 and last traded at $28.49. 1,400 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 3,166 shares. The stock had previously closed at $28.42.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Stock Up 0.2 %

The business has a 50 day moving average price of $30.04 and a 200 day moving average price of $41.21.

Hedge Funds Weigh In On Bitwise Bitcoin and Ether Equal Weight Strategy ETF

A hedge fund recently raised its stake in Bitwise Bitcoin and Ether Equal Weight Strategy ETF stock. Jane Street Group LLC increased its holdings in shares of Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) by 18.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,755 shares of the company’s stock after acquiring an additional 3,264 shares during the period. Jane Street Group LLC owned approximately 10.38% of Bitwise Bitcoin and Ether Equal Weight Strategy ETF worth $864,000 as of its most recent SEC filing.

About Bitwise Bitcoin and Ether Equal Weight Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.