Sen. David McCormick Buys Bitwise Bitcoin ETF (NYSEARCA:BITB) Stock

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 $50,001 and $100,000 in Bitwise Bitcoin ETF stock on March 10th.

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 $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.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/28/2025.
• 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 Stock Down 3.8 %

NYSEARCA:BITB opened at $45.58 on Friday. The stock’s 50-day simple moving average is $50.39 and its 200 day simple moving average is $46.70. Bitwise Bitcoin ETF has a 52-week low of $27.02 and a 52-week high of $59.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Gleason Group Inc. acquired a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth about $25,000. VisionPoint Advisory Group LLC bought a new position in Bitwise Bitcoin ETF during the fourth quarter worth about $56,000. Signaturefd LLC grew its holdings in Bitwise Bitcoin ETF by 819.7% during the fourth quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock worth $62,000 after purchasing an additional 1,082 shares during the period. JPMorgan Chase & Co. acquired a new position in Bitwise Bitcoin ETF during the fourth quarter worth approximately $66,000. Finally, Hollencrest Capital Management raised its stake in Bitwise Bitcoin ETF by 257.2% in the fourth quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock valued at $77,000 after buying an additional 1,093 shares during the period.

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.

About Bitwise Bitcoin ETF

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.