Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Sees Significant Growth in Short Interest

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 daily volume of 142,623 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Bitwise 10 Crypto Index ETF Trading Down 2.7%

Shares of NYSEARCA BITW traded down $1.06 during trading on Tuesday, hitting $37.58. 47,305 shares of the company traded hands, compared to its average volume of 101,792. The firm has a fifty day moving average of $45.80. Bitwise 10 Crypto Index ETF has a fifty-two week low of $37.20 and a fifty-two week high of $86.70.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BITW. Brandywine Oak Private Wealth LLC grew its stake in Bitwise 10 Crypto Index ETF by 14.4% in the first 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. Pasadena Private Wealth LLC bought a new stake in shares of Bitwise 10 Crypto Index ETF during the first quarter valued at approximately $884,000. Sound Income Strategies LLC raised its position in shares of Bitwise 10 Crypto Index ETF by 155.1% during the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock worth $27,000 after purchasing an additional 363 shares during the period. Private Advisor Group LLC raised 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 during the period. Finally, PFG Investments LLC lifted its holdings in shares of Bitwise 10 Crypto Index ETF by 5.6% in the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock worth $246,000 after purchasing an additional 295 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.