iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s share price were up 1.6% on Tuesday . The stock traded as high as $59.06 and last traded at $58.58. Approximately 9,598,712 shares traded hands during trading, a decline of 80% from the average daily volume of 48,726,934 shares. The stock had previously closed at $57.67.
iShares Bitcoin Trust Stock Up 0.6 %
The business has a fifty day moving average price of $56.09 and a two-hundred day moving average price of $43.91.
Institutional Trading of iShares Bitcoin Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. IMC Chicago LLC purchased a new stake in iShares Bitcoin Trust in the third quarter valued at $323,337,000. Horizon Kinetics Asset Management LLC grew its holdings in iShares Bitcoin Trust by 11.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after acquiring an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. raised its position in iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after acquiring an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at approximately $23,686,000. Finally, LMR Partners LLP boosted its position in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after purchasing an additional 490,000 shares in the last quarter.
iShares Bitcoin Trust Company 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.
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