Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) Stock Price Down 0.8% – What’s Next?

Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) shares dropped 0.8% during trading on Thursday . The company traded as low as $31.14 and last traded at $31.31. Approximately 1,705 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 4,443 shares. The stock had previously closed at $31.57.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Stock Performance

The company has a fifty day simple moving average of $48.89 and a two-hundred day simple moving average of $44.92.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bitwise Bitcoin and Ether Equal Weight Strategy ETF stock. Jane Street Group LLC boosted its position in Bitwise Bitcoin and Ether Equal Weight Strategy ETF (NYSEARCA:BTOP) by 18.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF Company Profile

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.