Requisite Capital Management LLC Buys New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Requisite Capital Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,777 shares of the company’s stock, valued at approximately $800,000.

A number of other large investors have also recently bought and sold shares of IBIT. Sound Income Strategies LLC purchased a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $30,000. Salem Investment Counselors Inc. acquired a new position in iShares Bitcoin Trust in the first quarter valued at approximately $41,000. AlphaMark Advisors LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at approximately $103,000. Pettinga Financial Advisors LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at approximately $204,000. Finally, Financial Security Advisor Inc. acquired a new position in iShares Bitcoin Trust in the first quarter valued at approximately $207,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock traded down $0.78 during trading hours on Tuesday, hitting $35.22. 13,645,010 shares of the company’s stock were exchanged, compared to its average volume of 32,123,910. The business’s 50 day moving average price is $37.08. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

About iShares Bitcoin Trust

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.