iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price traded up 2.5% during mid-day trading on Monday . The company traded as high as $58.21 and last traded at $57.80. 50,016,990 shares were traded during mid-day trading, an increase of 46% from the average session volume of 34,374,723 shares. The stock had previously closed at $56.40.
iShares Bitcoin Trust Trading Up 2.5 %
The firm's fifty day simple moving average is $44.39 and its 200 day simple moving average is $38.70.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in IBIT. Franklin Resources Inc. purchased a new stake in iShares Bitcoin Trust during the third quarter worth approximately $1,107,000. Tidal Investments LLC lifted its position in shares of iShares Bitcoin Trust by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company's stock worth $8,250,000 after buying an additional 25,232 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 31.1% during the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company's stock worth $430,000 after buying an additional 2,823 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust by 723.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 88,811 shares of the company's stock valued at $3,209,000 after buying an additional 78,022 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $353,000.
iShares Bitcoin Trust Company Profile
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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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