Gainplan LLC Grows Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Gainplan LLC raised its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 322.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,748 shares of the company’s stock after purchasing an additional 60,877 shares during the period. iShares Bitcoin Trust ETF makes up approximately 1.0% of Gainplan LLC’s holdings, making the stock its 14th largest holding. Gainplan LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,655,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth approximately $3,140,000. Royal Bank of Canada boosted its stake in iShares Bitcoin Trust ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after buying an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp grew its position in iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in iShares Bitcoin Trust ETF during the second quarter valued at approximately $357,000.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $36.74 on Thursday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The company’s 50 day moving average price is $36.25 and its two-hundred day moving average price is $40.14.

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.