Wolverine Asset Management LLC Takes $1.88 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Wolverine Asset Management LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,495 shares of the company’s stock, valued at approximately $1,883,000.

Other large investors also recently modified their holdings of the company. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $323,337,000. Clear Street Derivatives LLC bought a new stake in iShares Bitcoin Trust during the third quarter valued at approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in iShares Bitcoin Trust during the third quarter valued at approximately $19,149,000. LMR Partners LLP increased its holdings in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. raised its position in iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after acquiring an additional 423,100 shares during the period.

iShares Bitcoin Trust Trading Down 3.7 %

Shares of iShares Bitcoin Trust stock opened at $53.94 on Friday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The company’s fifty day simple moving average is $56.15 and its 200-day simple moving average is $45.91.

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.