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 November 27th, the Senator disclosed that they had bought between $15,001 and $50,000 in Bitwise Bitcoin ETF stock on November 25th.

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

• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 11/24/2025.

Bitwise Bitcoin ETF Price Performance

Bitwise Bitcoin ETF stock traded up $0.46 during trading on Friday, reaching $49.32. The company had a trading volume of 1,589,463 shares, compared to its average volume of 1,731,901. Bitwise Bitcoin ETF has a 12-month low of $41.17 and a 12-month high of $68.74. The stock’s 50 day moving average price is $57.92 and its two-hundred day moving average price is $59.70.

Hedge Funds Weigh In On Bitwise Bitcoin ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BITB. Sculptor Capital LP acquired a new stake in Bitwise Bitcoin ETF in the 1st quarter valued at $16,488,000. Elequin Capital LP grew its stake in shares of Bitwise Bitcoin ETF by 962.9% in the third quarter. Elequin Capital LP now owns 393,733 shares of the company’s stock valued at $24,498,000 after buying an additional 356,688 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Bitwise Bitcoin ETF by 168.9% in the third quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock valued at $33,118,000 after buying an additional 334,296 shares in the last quarter. Hunting Hill Global Capital LLC acquired a new position in Bitwise Bitcoin ETF during the 2nd quarter worth approximately $12,157,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Bitwise Bitcoin ETF by 38.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 693,101 shares of the company’s stock worth $43,125,000 after acquiring an additional 191,146 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.