Index Fund Advisors Inc. Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Index Fund Advisors Inc. purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 5,960 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bracebridge Capital LLC purchased a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $100,639,000. Titan Global Capital Management USA LLC purchased a new stake in iShares Bitcoin Trust in the first quarter worth approximately $65,558,000. Murchinson Ltd. bought a new position in iShares Bitcoin Trust during the first quarter valued at approximately $35,531,000. Hunting Hill Global Capital LLC bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth approximately $25,614,000. Finally, Monolith Management Ltd bought a new stake in shares of iShares Bitcoin Trust in the first quarter worth about $24,416,000.

iShares Bitcoin Trust Trading Down 1.4 %

IBIT traded down $0.47 during midday trading on Wednesday, reaching $32.51. 8,347,366 shares of the company’s stock traded hands, compared to its average volume of 30,903,367. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99. The firm has a fifty day moving average of $34.86 and a two-hundred day moving average of $36.33.

About iShares Bitcoin Trust

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.