Farther Finance Advisors LLC Boosts Holdings in iShares Bitcoin Trust ETF $IBIT

Farther Finance Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,171 shares of the company’s stock after purchasing an additional 26,311 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 59 North Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at about $169,100,000. Sculptor Capital LP raised its position in shares of iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after buying an additional 1,673,788 shares during the last quarter. Mariner Investment Group LLC raised its position in shares of iShares Bitcoin Trust ETF by 142.3% in the third quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock valued at $130,981,000 after buying an additional 1,183,414 shares during the last quarter. Verde Servicos Internacionais S.A. raised its position in shares of iShares Bitcoin Trust ETF by 167.4% in the third quarter. Verde Servicos Internacionais S.A. now owns 1,813,449 shares of the company’s stock valued at $117,874,000 after buying an additional 1,135,290 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after buying an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 1.0%

Shares of NASDAQ IBIT opened at $42.56 on Thursday. The firm has a 50-day simple moving average of $39.28 and a 200-day simple moving average of $49.60. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week 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.