Sen. David McCormick Purchases Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Senator David McCormick (R-Pennsylvania) recently bought shares of Bitwise Bitcoin ETF (NYSEARCA:BITB). In a filing disclosed on April 30th, the Senator disclosed that they had bought between $15,001 and $50,000 in Bitwise Bitcoin ETF stock on April 3rd.

Senator David McCormick also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 4/9/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 4/7/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 4/2/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/27/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/25/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/24/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/20/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/13/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/11/2025.

Bitwise Bitcoin ETF Price Performance

Bitwise Bitcoin ETF stock opened at $51.23 on Thursday. Bitwise Bitcoin ETF has a 12 month low of $27.02 and a 12 month high of $59.07. The business’s fifty day simple moving average is $46.65 and its two-hundred day simple moving average is $48.79.

Hedge Funds Weigh In On Bitwise Bitcoin ETF

Several large investors have recently modified their holdings of BITB. Signaturefd LLC boosted its stake in shares of Bitwise Bitcoin ETF by 819.7% in the 4th quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock worth $62,000 after buying an additional 1,082 shares during the last quarter. Brookstone Capital Management raised its stake in Bitwise Bitcoin ETF by 48.9% during the 4th quarter. Brookstone Capital Management now owns 17,413 shares of the company’s stock valued at $885,000 after purchasing an additional 5,720 shares during the period. Gunderson Capital Management Inc. lifted its holdings in shares of Bitwise Bitcoin ETF by 16.2% in the fourth quarter. Gunderson Capital Management Inc. now owns 7,891 shares of the company’s stock worth $401,000 after buying an additional 1,100 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 52.1% during the 4th quarter. Avior Wealth Management LLC now owns 3,042 shares of the company’s stock valued at $155,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Bitwise Bitcoin ETF by 85.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,369 shares of the company’s stock worth $120,000 after acquiring an additional 1,091 shares during the last quarter.

About Senator McCormick

David McCormick (Republican Party) is a member of the U.S. Senate from Pennsylvania. He assumed office on January 3, 2025. His current term ends on January 3, 2031.

McCormick (Republican Party) ran for election to the U.S. Senate to represent Pennsylvania. He won in the general election on November 5, 2024.

David McCormick was born in Washington, Pennsylvania, and lives in Pennsylvania. He served in the U.S. Army 82nd Airborne Division as a paratrooper, during which time he was deployed to the Middle East during the First Gulf War and reached the rank of Captain. McCormick received his bachelor’s degree in mechanical engineering from the United States Military Academy at West Point and his Ph.D. in international affairs from Princeton University. His professional experience includes working as the CEO of a tech startup and of Bridgewater Associates, an investment management firm, and under secretary in both the Department of Commerce and the Department of the Treasury.

Bitwise Bitcoin ETF Company 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.