iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares rose 2.1% during mid-day trading on Tuesday . The stock traded as high as $47.80 and last traded at $47.78. Approximately 8,720,834 shares traded hands during trading, a decline of 80% from the average daily volume of 44,250,082 shares. The stock had previously closed at $46.81.
iShares Bitcoin Trust Stock Up 3.1 %
The firm’s 50-day moving average price is $52.38 and its 200-day moving average price is $48.99.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Townsquare Capital LLC raised its holdings in shares of iShares Bitcoin Trust by 20.7% during the 3rd quarter. Townsquare Capital LLC now owns 36,627 shares of the company’s stock valued at $1,323,000 after buying an additional 6,279 shares during the period. Hantz Financial Services Inc. raised its stake in shares of iShares Bitcoin Trust by 102.6% during the third quarter. Hantz Financial Services Inc. now owns 2,137 shares of the company’s stock valued at $77,000 after purchasing an additional 1,082 shares during the period. Captrust Financial Advisors boosted its stake in shares of iShares Bitcoin Trust by 6.4% in the third quarter. Captrust Financial Advisors now owns 94,095 shares of the company’s stock valued at $3,400,000 after purchasing an additional 5,686 shares during the period. Athos Capital Ltd grew its holdings in iShares Bitcoin Trust by 22.8% during the 3rd quarter. Athos Capital Ltd now owns 247,360 shares of the company’s stock valued at $8,937,000 after purchasing an additional 46,000 shares in the last quarter. Finally, Clear Street Derivatives LLC purchased a new stake in iShares Bitcoin Trust during the 3rd quarter worth $23,686,000.
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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