BIP Wealth LLC Has $1.35 Million Holdings in iShares Bitcoin Trust ETF $IBIT

BIP Wealth LLC lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 220.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,207 shares of the company’s stock after purchasing an additional 18,716 shares during the quarter. BIP Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IBIT. 59 North Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $169,100,000. Sculptor Capital LP grew its holdings in shares of iShares Bitcoin Trust ETF by 59.5% during the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after purchasing an additional 1,673,788 shares in the last quarter. Mariner Investment Group LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 142.3% during the 3rd quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock worth $130,981,000 after purchasing an additional 1,183,414 shares in the last quarter. Verde Servicos Internacionais S.A. grew its holdings in shares of iShares Bitcoin Trust ETF by 167.4% during the 3rd quarter. Verde Servicos Internacionais S.A. now owns 1,813,449 shares of the company’s stock worth $117,874,000 after purchasing an additional 1,135,290 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 19.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after purchasing an additional 1,093,183 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $40.42 on Thursday. The business’s 50 day moving average is $39.59 and its 200-day moving average is $50.35. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82.

iShares Bitcoin Trust ETF 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.