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 March 29th, the Senator disclosed that they had bought between $15,001 and $50,000 in Bitwise Bitcoin ETF stock on February 28th.

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

• 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.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/10/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/5/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/3/2025.
• Sold $1,000,001 – $5,000,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/28/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/27/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/26/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/25/2025.

Bitwise Bitcoin ETF Trading Down 3.8 %

BITB stock opened at $45.58 on Friday. Bitwise Bitcoin ETF has a 52 week low of $27.02 and a 52 week high of $59.07. The firm has a 50 day moving average of $50.39 and a 200 day moving average of $46.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of Bitwise Bitcoin ETF in the 3rd quarter valued at $341,000. CreativeOne Wealth LLC acquired a new position in shares of Bitwise Bitcoin ETF in the third quarter valued at about $259,000. Brookstone Capital Management raised its stake in shares of Bitwise Bitcoin ETF by 48.9% in the fourth quarter. Brookstone Capital Management now owns 17,413 shares of the company’s stock worth $885,000 after purchasing an additional 5,720 shares during the last quarter. TRUE Private Wealth Advisors lifted its holdings in shares of Bitwise Bitcoin ETF by 9.2% during the third quarter. TRUE Private Wealth Advisors now owns 17,442 shares of the company’s stock worth $603,000 after purchasing an additional 1,471 shares during the period. Finally, Gunderson Capital Management Inc. boosted its position in Bitwise Bitcoin ETF by 16.2% in the fourth quarter. Gunderson Capital Management Inc. now owns 7,891 shares of the company’s stock valued at $401,000 after buying an additional 1,100 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.