Independent Financial Group LLC Invests $1.57 Million in Bitwise 10 Crypto Index ETF $BITW

Independent Financial Group LLC bought a new stake in Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,146 shares of the ETF’s stock, valued at approximately $1,568,000. Independent Financial Group LLC owned approximately 0.20% of Bitwise 10 Crypto Index ETF at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PFG Investments LLC lifted its stake in Bitwise 10 Crypto Index ETF by 5.6% in the first quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after acquiring an additional 295 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Bitwise 10 Crypto Index ETF by 155.1% in the 1st quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after acquiring an additional 363 shares during the period. Ascentis Independent Advisors acquired a new position in shares of Bitwise 10 Crypto Index ETF during the 1st quarter worth about $32,000. Kestra Advisory Services LLC increased its stake in shares of Bitwise 10 Crypto Index ETF by 19.8% during the 1st quarter. Kestra Advisory Services LLC now owns 10,758 shares of the ETF’s stock worth $480,000 after purchasing an additional 1,776 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Bitwise 10 Crypto Index ETF by 35.1% in the 1st quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock valued at $948,000 after purchasing an additional 5,519 shares during the period.

Bitwise 10 Crypto Index ETF Price Performance

Shares of NYSEARCA:BITW opened at $41.17 on Monday. Bitwise 10 Crypto Index ETF has a 52-week low of $37.20 and a 52-week high of $86.70. The firm has a 50-day moving average price of $43.21.

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.