Objective Capital Management LLC Makes New $1.23 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Objective Capital Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,012 shares of the company’s stock, valued at approximately $1,229,000.

A number of other institutional investors have also recently bought and sold shares of the business. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth $323,337,000. Aristeia Capital L.L.C. grew its holdings in shares of iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after buying an additional 1,903,644 shares during the period. Sculptor Capital LP grew its holdings in shares of 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 buying an additional 2,215,107 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of iShares Bitcoin Trust by 1,657.7% in 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 buying an additional 2,486,608 shares during the period. Finally, Bracebridge Capital LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $100,639,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock traded up $0.09 on Friday, hitting $43.69. The stock had a trading volume of 44,183,719 shares, compared to its average volume of 31,394,033. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $44.09. The company has a fifty day moving average price of $36.55 and a two-hundred day moving average price of $36.24.

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.