Graypoint LLC Buys New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

Graypoint LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the second quarter, Holdings Channel reports. The firm purchased 13,284 shares of the company’s stock, valued at approximately $454,000.

Several other hedge funds have also recently added to or reduced their stakes in IBIT. Bracebridge Capital LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at about $100,639,000. Titan Global Capital Management USA LLC bought a new position in iShares Bitcoin Trust during the first quarter valued at approximately $65,558,000. Murchinson Ltd. purchased a new position in shares of iShares Bitcoin Trust during the first quarter worth approximately $35,531,000. Hunting Hill Global Capital LLC bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth approximately $25,614,000. Finally, Monolith Management Ltd bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $24,416,000.

iShares Bitcoin Trust Stock Down 0.9 %

IBIT stock opened at $33.37 on Monday. The firm’s fifty day moving average is $34.87 and its 200 day moving average is $36.30. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99.

iShares Bitcoin Trust 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.