Basso Capital Management L.P. Buys 17,400 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Basso Capital Management L.P. lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 124.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,400 shares of the company’s stock after purchasing an additional 17,400 shares during the quarter. iShares Bitcoin Trust accounts for about 1.4% of Basso Capital Management L.P.’s portfolio, making the stock its 12th largest position. Basso Capital Management L.P.’s holdings in iShares Bitcoin Trust were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares during the period.

iShares Bitcoin Trust Trading Up 5.8 %

iShares Bitcoin Trust stock opened at $48.14 on Monday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The firm’s fifty day moving average is $54.02 and its 200 day moving average is $47.78.

About iShares Bitcoin Trust

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.