Step Capital Management Pte. Ltd. Makes New $3.72 Million Investment in iShares Bitcoin Trust ETF $IBIT

Step Capital Management Pte. Ltd. bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 75,000 shares of the company’s stock, valued at approximately $3,724,000. iShares Bitcoin Trust ETF makes up about 1.7% of Step Capital Management Pte. Ltd.’s portfolio, making the stock its 9th biggest position.

A number of other institutional investors have also made changes to their positions in IBIT. Sachetta LLC boosted its holdings in iShares Bitcoin Trust ETF by 793.0% in the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares during the period. Chapman Financial Group LLC bought a new stake in iShares Bitcoin Trust ETF during the third quarter valued at $25,000. Anchor Investment Management LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 210.3% during the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares during the period. Roble Belko & Company Inc raised its holdings in shares of iShares Bitcoin Trust ETF by 77.2% during the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, Financial Life Planners bought a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth about $31,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $37.97 on Monday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The company has a 50-day simple moving average of $40.23 and a 200-day simple moving average of $50.79.

iShares Bitcoin Trust ETF Company 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.