Short Interest in Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Declines By 48.4%

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 728 shares, a decrease of 48.4% from the July 15th total of 1,411 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,049 shares, the days-to-cover ratio is currently 0.0 days.

Bitwise 10 Crypto Index ETF Stock Up 2.2%

BITW stock traded up $0.90 during trading hours on Monday, hitting $41.36. 30,806 shares of the stock traded hands, compared to its average volume of 87,239. The firm has a 50-day moving average of $40.65. Bitwise 10 Crypto Index ETF has a one year low of $37.20 and a one year high of $86.70.

Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BITW. Independent Financial Group LLC bought a new stake in shares of Bitwise 10 Crypto Index ETF in the 1st quarter worth approximately $1,568,000. Pasadena Private Wealth LLC acquired a new stake in Bitwise 10 Crypto Index ETF during the first quarter valued at approximately $884,000. Brandywine Oak Private Wealth LLC boosted its holdings in Bitwise 10 Crypto Index ETF by 14.4% during the first quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock worth $4,540,000 after buying an additional 12,841 shares in the last quarter. Basecamp Wealth Advisors LLC bought a new stake in Bitwise 10 Crypto Index ETF during the first quarter worth approximately $531,000. Finally, Western Wealth Management LLC grew 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 worth $2,976,000 after buying an additional 9,326 shares during 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.