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 December 26th, the Senator disclosed that they had bought between $50,001 and $100,000 in Bitwise Bitcoin ETF stock on November 28th.

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

• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 11/26/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 11/25/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 11/24/2025.

Bitwise Bitcoin ETF Stock Performance

BITB opened at $47.54 on Friday. Bitwise Bitcoin ETF has a 1 year low of $41.17 and a 1 year high of $68.74. The stock’s 50 day simple moving average is $52.15 and its 200 day simple moving average is $58.39.

Hedge Funds Weigh In On Bitwise Bitcoin ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BITB. Private Trust Co. NA purchased a new position in shares of Bitwise Bitcoin ETF in the third quarter worth $29,000. Wealth Preservation Advisors LLC purchased a new position in Bitwise Bitcoin ETF in the 1st quarter worth about $34,000. WPG Advisers LLC bought a new position in Bitwise Bitcoin ETF during the 1st quarter valued at about $38,000. North Star Investment Management Corp. boosted its holdings in shares of Bitwise Bitcoin ETF by 85.6% during the 3rd quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock valued at $38,000 after acquiring an additional 285 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Bitwise Bitcoin ETF in the second quarter worth approximately $46,000.

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.