Independent Financial Group LLC Buys Shares of 35,146 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, Holdings Channel reports. The institutional investor bought 35,146 shares of the ETF’s stock, valued at approximately $1,568,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BITW. PFG Investments LLC boosted its position in shares of Bitwise 10 Crypto Index ETF by 5.6% during the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock worth $246,000 after acquiring an additional 295 shares in the last quarter. Sound Income Strategies LLC raised its position in 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 valued at $27,000 after purchasing an additional 363 shares in the last quarter. Ascentis Independent Advisors acquired a new position in Bitwise 10 Crypto Index ETF during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC lifted its stake in Bitwise 10 Crypto Index ETF by 19.8% during the first 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 lifted its stake in 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 last quarter.

Bitwise 10 Crypto Index ETF Stock Performance

Shares of BITW stock opened at $41.17 on Monday. Bitwise 10 Crypto Index ETF has a fifty-two week low of $37.20 and a fifty-two week high of $86.70. The firm has a fifty day simple moving average 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.