Riverview Capital Advisers LLC Increases Holdings in iShares Bitcoin Trust ETF $IBIT

Riverview Capital Advisers LLC raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 483.5% in the third quarter, Holdings Channel reports. The institutional investor owned 33,948 shares of the company’s stock after acquiring an additional 28,130 shares during the period. Riverview Capital Advisers LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Capula Management Ltd raised its stake 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 valued at $580,346,000 after purchasing an additional 1,739,073 shares during the period. Sculptor Capital LP raised its position in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after purchasing an additional 1,673,788 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares Bitcoin Trust ETF by 1,119.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock valued at $196,916,000 after acquiring an additional 2,953,342 shares during the period. Mint Tower Capital Management B.V. grew its holdings in shares of iShares Bitcoin Trust ETF by 1,131.5% in the second quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after purchasing an additional 2,617,925 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new stake in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $116,666,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $37.19 on Monday. The business has a fifty day moving average of $46.16 and a two-hundred day moving average of $55.15. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

iShares Bitcoin Trust ETF 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.