Virtu Financial LLC Acquires New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Virtu Financial LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 652,411 shares of the company’s stock, valued at approximately $22,273,000. iShares Bitcoin Trust makes up about 1.6% of Virtu Financial LLC’s holdings, making the stock its 4th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bracebridge Capital LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $100,639,000. Titan Global Capital Management USA LLC bought a new position in iShares Bitcoin Trust during the 1st quarter worth approximately $65,558,000. Murchinson Ltd. purchased a new position in iShares Bitcoin Trust in the 1st quarter worth approximately $35,531,000. Hunting Hill Global Capital LLC bought a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $25,614,000. Finally, Monolith Management Ltd bought a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $24,416,000.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $32.98 on Tuesday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The company’s 50 day moving average price is $34.53 and its 200-day moving average price is $36.45.

iShares Bitcoin Trust Profile

The IShares Bitcoin Trust Registered (IBIT) 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 spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.