Company Insights - Dave McCormick purchased shares in the Bitwise Bitcoin ETF (AMEX:BITB) valued between $15,001 and $50,000, disclosed on November 27, 2025 [1] - BITB's current stock price is $48.86, reflecting a 2.91% increase, with a market capitalization of approximately $3.74 billion [5] Industry Trends - U.S. spot crypto-ETFs, including BITB, are experiencing significant capital outflows, with $870 million withdrawn on November 13, marking the second-largest single-day withdrawal since Bitcoin ETFs' inception [2] - Total redemptions from spot Bitcoin funds in November have exceeded $3.7 billion, making it the worst month on record for Bitcoin ETFs, contributing to a broader $6 billion outflow in the crypto ETF market [3] - Bitcoin's price has dropped to around $84,000 from a record high of nearly $126,000, with a "death cross" technical warning indicating potential further declines [4][6]
Insights from the Bitwise Bitcoin ETF (AMEX:BITB) Share Purchase and Market Trends
Financial Modeling Prep·2025-11-28 01:03