Tidal Investments LLC Acquires 25,232 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Tidal Investments LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 12.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,354 shares of the company’s stock after buying an additional 25,232 shares during the period. Tidal Investments LLC’s holdings in iShares Bitcoin Trust were worth $8,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $323,337,000. D. E. Shaw & Co. Inc. grew its holdings in iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP grew its holdings in iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. increased its position in shares of iShares Bitcoin Trust by 47.2% during the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after purchasing an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth $56,965,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $56.92 on Friday. The stock’s fifty day moving average price is $46.07 and its 200 day moving average price is $39.18. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $59.16.

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.