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 05th, the Senator disclosed that they had bought between $50,001 and $100,000 in Bitwise Bitcoin ETF stock on February 25th.

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

• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/26/2025.
• Sold $1,000,001 – $5,000,000 in shares of Rumble (NASDAQ:RUM) on 1/16/2025.

Bitwise Bitcoin ETF Price Performance

Shares of BITB stock opened at $49.25 on Thursday. The stock’s 50 day simple moving average is $52.60 and its 200 day simple moving average is $45.05. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month high of $59.07.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in Bitwise Bitcoin ETF by 26.1% in the 4th quarter. Millennium Management LLC now owns 3,727,692 shares of the company’s stock worth $189,553,000 after buying an additional 772,144 shares during the period. Proficio Capital Partners LLC increased its position in Bitwise Bitcoin ETF by 6,348.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,102,749 shares of the company’s stock worth $106,925,000 after buying an additional 2,070,139 shares during the period. Jane Street Group LLC increased its position in Bitwise Bitcoin ETF by 281.8% in the 4th quarter. Jane Street Group LLC now owns 1,443,501 shares of the company’s stock worth $73,402,000 after buying an additional 1,065,404 shares during the period. Boothbay Fund Management LLC increased its position in Bitwise Bitcoin ETF by 60.5% in the 4th quarter. Boothbay Fund Management LLC now owns 1,104,412 shares of the company’s stock worth $56,159,000 after buying an additional 416,249 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its position in Bitwise Bitcoin ETF by 23.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 914,800 shares of the company’s stock worth $46,518,000 after buying an additional 174,800 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.