iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $32.98, but opened at $32.10. iShares Bitcoin Trust shares last traded at $32.07, with a volume of 4,972,716 shares.
iShares Bitcoin Trust Price Performance
The business has a 50 day moving average price of $34.82 and a 200-day moving average price of $36.35.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of iShares Bitcoin Trust during the second quarter worth about $615,000. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of iShares Bitcoin Trust in the second quarter worth approximately $5,974,000. Aristides Capital LLC bought a new position in shares of iShares Bitcoin Trust in the second quarter valued at approximately $4,196,000. Truist Financial Corp boosted its position in shares of iShares Bitcoin Trust by 17.2% during the second quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock valued at $335,000 after buying an additional 1,436 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its position in iShares Bitcoin Trust by 27.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 10,786 shares of the company’s stock valued at $368,000 after buying an additional 2,319 shares during the last quarter.
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.
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