Tidal Investments LLC Acquires 25,232 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Tidal Investments LLC lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 12.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,354 shares of the company’s stock after buying an additional 25,232 shares during the period. Tidal Investments LLC’s holdings in iShares Bitcoin Trust were worth $8,250,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IBIT. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust in the second quarter worth $26,000. Asset Dedication LLC boosted its stake in shares of iShares Bitcoin Trust by 52.4% during 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 period. International Assets Investment Management LLC bought a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $31,000. Hantz Financial Services Inc. bought a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $36,000. Finally, West Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth about $40,000.

iShares Bitcoin Trust Trading Down 1.4 %

NASDAQ:IBIT opened at $56.92 on Friday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $59.16. The stock has a fifty day simple moving average of $46.07 and a 200-day simple moving average of $39.18.

iShares Bitcoin Trust Profile

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.