Bank of New York Mellon Corp Acquires Shares of 25,309 iShares Bitcoin Trust (NASDAQ:IBIT)

Bank of New York Mellon Corp acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 25,309 shares of the company’s stock, valued at approximately $1,343,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC raised its holdings in shares of iShares Bitcoin Trust by 11.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after buying an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. raised its holdings in shares of 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 valued at $23,846,000 after buying an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at about $23,686,000. Oxler Private Wealth LLC raised its holdings in shares of iShares Bitcoin Trust by 5.8% in the fourth quarter. Oxler Private Wealth LLC now owns 500,274 shares of the company’s stock valued at $26,540,000 after buying an additional 27,331 shares during the last quarter. Finally, All Stars Investment Ltd raised its holdings in shares of iShares Bitcoin Trust by 36.2% in the fourth quarter. All Stars Investment Ltd now owns 446,000 shares of the company’s stock valued at $23,660,000 after buying an additional 118,500 shares during the last quarter.

iShares Bitcoin Trust Trading Down 0.3 %

Shares of IBIT stock opened at $47.70 on Monday. The stock has a 50-day moving average price of $53.33 and a 200 day moving average price of $48.29. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

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.