Grant Street Asset Management Inc. Purchases 1,156 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Grant Street Asset Management Inc. raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,656 shares of the company’s stock after buying an additional 1,156 shares during the period. Grant Street Asset Management Inc.’s holdings in iShares Bitcoin Trust were worth $618,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of IBIT. Proficio Capital Partners LLC boosted its position in shares of iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. NINE MASTS CAPITAL Ltd boosted its position in shares of iShares Bitcoin Trust by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after purchasing an additional 346,918 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its position in shares of iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after purchasing an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its position in shares of iShares Bitcoin Trust by 127.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after purchasing an additional 370,000 shares during the last quarter. Finally, Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth $23,686,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $49.43 on Monday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The stock’s fifty day simple moving average is $54.78 and its 200-day simple moving average is $47.38.

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.