iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $34.58, but opened at $35.78. iShares Bitcoin Trust shares last traded at $35.82, with a volume of 4,343,314 shares changing hands.
iShares Bitcoin Trust Price Performance
The firm's 50-day moving average is $37.67.
Hedge Funds Weigh In On iShares Bitcoin Trust
Large investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC purchased a new position in iShares Bitcoin Trust during the 1st quarter valued at $26,000. Sound Income Strategies LLC purchased a new position in iShares Bitcoin Trust during the 1st quarter valued at $30,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth $40,000. Bfsg LLC purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth $41,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth $41,000.
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.
Further Reading
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