Short Interest in Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Rises By 143.4%

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 516 shares, an increase of 143.4% from the May 31st total of 212 shares. Based on an average trading volume of 142,623 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Bitwise 10 Crypto Index ETF

Several institutional investors have recently modified their holdings of BITW. Cetera Investment Advisers grew its holdings in Bitwise 10 Crypto Index ETF by 3.8% in the 1st quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock valued at $5,528,000 after buying an additional 4,515 shares in the last quarter. Brandywine Oak Private Wealth LLC raised its stake in shares of 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 valued at $4,540,000 after acquiring an additional 12,841 shares during the period. Western Wealth Management LLC raised its position in Bitwise 10 Crypto Index ETF by 16.3% in the first quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock valued at $2,976,000 after purchasing an additional 9,326 shares during the period. Independent Financial Group LLC purchased a new stake in shares of Bitwise 10 Crypto Index ETF in the 1st quarter valued at $1,568,000. Finally, Private Advisor Group LLC lifted its position in shares of Bitwise 10 Crypto Index ETF by 35.1% during the first quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock worth $948,000 after purchasing an additional 5,519 shares in the last quarter.

Bitwise 10 Crypto Index ETF Stock Up 1.3%

Shares of NYSEARCA:BITW traded up $0.50 during trading on Monday, hitting $38.64. The stock had a trading volume of 34,950 shares, compared to its average volume of 102,237. Bitwise 10 Crypto Index ETF has a 12-month low of $37.20 and a 12-month high of $86.70. The business’s 50-day moving average price is $46.29.

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.