Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) Shares Down 0.2% – Time to Sell?

Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) shares fell 0.2% during trading on Wednesday . The stock traded as low as $34.97 and last traded at $35.02. 8,866 shares were traded during mid-day trading, an increase of 223% from the average session volume of 2,744 shares. The stock had previously closed at $35.08.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Trading Down 0.2 %

The company has a 50-day simple moving average of $52.97 and a two-hundred day simple moving average of $46.44.

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 lifted its stake in Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) by 18.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,755 shares of the company’s stock after purchasing an additional 3,264 shares during the quarter. Jane Street Group LLC owned about 10.38% of Bitwise Bitcoin and Ether Equal Weight Strategy ETF worth $864,000 as of its most recent filing with the Securities & Exchange Commission.

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.