iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) shares rose 3.2% on Friday . The company traded as high as $47.37 and last traded at $46.63. Approximately 19,251,246 shares were traded during trading, a decline of 58% from the average daily volume of 46,053,152 shares. The stock had previously closed at $45.17.
iShares Bitcoin Trust Trading Up 1.3 %
The business's 50-day moving average is $49.70 and its two-hundred day moving average is $49.75.
Hedge Funds Weigh In On iShares Bitcoin Trust
A number of hedge funds and other institutional investors have recently modified their holdings of IBIT. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the fourth quarter worth $25,000. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth $25,000. City Holding Co. boosted its holdings in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC grew its position in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock valued at $26,000 after buying an additional 189 shares during the period. Finally, Crewe Advisors LLC increased its holdings in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after buying an additional 302 shares during the last quarter.
About iShares Bitcoin Trust
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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.
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