iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) shares traded up 4.8% during mid-day trading on Monday . The stock traded as high as $60.74 and last traded at $60.69. 22,891,135 shares traded hands during trading, a decline of 34% from the average session volume of 34,562,520 shares. The stock had previously closed at $57.91.
iShares Bitcoin Trust Stock Up 4.0 %
The business's fifty day moving average is $46.52 and its two-hundred day moving average is $39.31.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Bitcoin Trust during the second quarter worth approximately $26,000. Asset Dedication LLC increased its position in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company's stock valued at $29,000 after purchasing an additional 279 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust in the 2nd quarter valued at $31,000. Hantz Financial Services Inc. purchased a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth $36,000. Finally, West Financial Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter worth $40,000.
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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