Financial Futures Ltd Liability Co. Purchases 2,084 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Financial Futures Ltd Liability Co. lifted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 3.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 55,959 shares of the company’s stock after purchasing an additional 2,084 shares during the quarter. iShares Bitcoin Trust comprises 1.2% of Financial Futures Ltd Liability Co.’s investment portfolio, making the stock its 24th largest position. Financial Futures Ltd Liability Co.’s holdings in iShares Bitcoin Trust were worth $2,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IBIT. Aristeia Capital L.L.C. grew its stake in iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust by 188.1% during the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after buying an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of iShares Bitcoin Trust by 1,657.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares in the last quarter. Bracebridge Capital LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at approximately $100,639,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of iShares Bitcoin Trust during the second quarter worth about $56,965,000.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock traded up $1.19 during mid-day trading on Monday, reaching $39.20. 25,206,219 shares of the stock traded hands, compared to its average volume of 30,329,838. The business has a 50-day moving average of $35.27 and a 200 day moving average of $35.95. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

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.