Seelaus Asset Management LLC Invests $351,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Seelaus Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,619 shares of the company’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth about $323,337,000. Horizon Kinetics Asset Management LLC lifted its position in iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after buying an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its stake in iShares Bitcoin Trust by 127.6% in the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at approximately $23,686,000. Finally, LMR Partners LLP raised its stake in shares of iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $54.47 on Friday. iShares Bitcoin Trust has a fifty-two week low of $25.64 and a fifty-two week high of $61.75. The firm has a 50 day moving average price of $56.35 and a 200-day moving average price of $44.80.

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.