Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Update

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 931 shares, a growth of 80.4% from the June 15th total of 516 shares. Based on an average trading volume of 54,549 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Bitwise 10 Crypto Index ETF Stock Down 1.3%

BITW opened at $41.45 on Friday. The stock has a 50-day moving average of $43.42. Bitwise 10 Crypto Index ETF has a 1 year low of $37.20 and a 1 year high of $86.70.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BITW. Independent Financial Group LLC bought a new position in shares of Bitwise 10 Crypto Index ETF in the first quarter worth approximately $1,568,000. Pasadena Private Wealth LLC purchased a new position in Bitwise 10 Crypto Index ETF in the 1st quarter worth approximately $884,000. Brandywine Oak Private Wealth LLC raised its holdings in Bitwise 10 Crypto Index ETF by 14.4% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock worth $4,540,000 after acquiring an additional 12,841 shares during the last quarter. Basecamp Wealth Advisors LLC bought a new position in Bitwise 10 Crypto Index ETF in the 1st quarter valued at approximately $531,000. Finally, Western Wealth Management LLC lifted its position in Bitwise 10 Crypto Index ETF by 16.3% in the 1st quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock valued at $2,976,000 after acquiring an additional 9,326 shares in the last quarter.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.