Alpha Wave Global LP Makes New $3.39 Million Investment in iShares Bitcoin Trust ETF $IBIT

Alpha Wave Global LP purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 55,373 shares of the company’s stock, valued at approximately $3,389,000. iShares Bitcoin Trust ETF comprises approximately 0.4% of Alpha Wave Global LP’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in iShares Bitcoin Trust ETF in the 2nd quarter valued at $408,082,000. JPMorgan Chase & Co. boosted its holdings in iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock valued at $196,916,000 after acquiring an additional 2,953,342 shares during the period. BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF in the first quarter valued at about $133,168,000. Mint Tower Capital Management B.V. grew its position in shares of iShares Bitcoin Trust ETF by 1,131.5% in the second quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock valued at $174,405,000 after purchasing an additional 2,617,925 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new position in shares of iShares Bitcoin Trust ETF in the second quarter worth about $116,666,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $52.51 on Friday. The stock has a 50-day simple moving average of $59.50 and a 200 day simple moving average of $62.13. iShares Bitcoin Trust ETF has a twelve month low of $42.98 and a twelve month high of $71.82.

About iShares Bitcoin Trust ETF

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.