iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) traded down 2.2% on Wednesday . The stock traded as low as $58.96 and last traded at $59.37. 14,549,465 shares were traded during trading, a decline of 58% from the average session volume of 34,720,191 shares. The stock had previously closed at $60.73.
iShares Bitcoin Trust Trading Down 5.8 %
The firm has a 50-day moving average of $47.51 and a two-hundred day moving average of $39.62.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc acquired a new position in iShares Bitcoin Trust during the second quarter worth $26,000. Asset Dedication LLC lifted its holdings in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company's stock worth $29,000 after purchasing an additional 279 shares during the last quarter. International Assets Investment Management LLC bought a new stake in iShares Bitcoin Trust during the second quarter worth approximately $31,000. Hantz Financial Services Inc. acquired a new position in iShares Bitcoin Trust during the second quarter valued at approximately $36,000. Finally, West Financial Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at approximately $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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