Lansing Street Advisors Boosts Stake in iShares Bitcoin Trust ETF $IBIT

Lansing Street Advisors increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 97.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,829 shares of the company’s stock after buying an additional 49,693 shares during the quarter. iShares Bitcoin Trust ETF comprises 1.7% of Lansing Street Advisors’ investment portfolio, making the stock its 16th biggest holding. Lansing Street Advisors’ holdings in iShares Bitcoin Trust ETF were worth $6,554,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IBIT. JPMorgan Chase & Co. grew its position in shares of iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after acquiring an additional 2,953,342 shares during the last quarter. Mint Tower Capital Management B.V. raised its position in iShares Bitcoin Trust ETF by 1,131.5% in the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock valued at $174,405,000 after purchasing an additional 2,617,925 shares during the last quarter. Harvard Management Co. Inc. acquired a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth $116,666,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth $113,404,000. Finally, Capula Management Ltd grew its position in iShares Bitcoin Trust ETF by 22.5% during the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after purchasing an additional 1,739,073 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $38.26 on Friday. The firm’s fifty day moving average is $46.41 and its two-hundred day moving average is $55.56. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

iShares Bitcoin Trust ETF 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.