Benin Management CORP bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,900 shares of the company’s stock, valued at approximately $313,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter valued at approximately $323,337,000. D. E. Shaw & Co. Inc. raised its stake in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the period. Murchinson Ltd. grew its position in iShares Bitcoin Trust by 87.1% in the 2nd quarter. Murchinson Ltd. now owns 1,642,535 shares of the company’s stock worth $56,076,000 after purchasing an additional 764,575 shares during the last quarter. Finally, Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $23,686,000.
iShares Bitcoin Trust Trading Up 1.5 %
NASDAQ IBIT opened at $59.70 on Friday. iShares Bitcoin Trust has a twelve month low of $22.58 and a twelve month high of $61.75. The firm has a 50-day simple moving average of $55.77 and a 200 day simple moving average of $43.30.
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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