Context Capital Management LLC Has $22.33 Million Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Context Capital Management LLC boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 34.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,000 shares of the company’s stock after purchasing an additional 108,000 shares during the period. Context Capital Management LLC owned 0.07% of iShares Bitcoin Trust worth $22,334,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBIT. Union Savings Bank bought a new position in iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at $25,000. City Holding Co. lifted its holdings in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC grew its stake in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the last quarter.

iShares Bitcoin Trust Stock Down 1.6 %

Shares of NASDAQ:IBIT opened at $47.85 on Friday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The business has a fifty day simple moving average of $53.46 and a 200 day simple moving average of $47.98.

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.