Griffin Asset Management Inc. Makes New $1.11 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Griffin Asset Management Inc. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 20,894 shares of the company’s stock, valued at approximately $1,108,000.

Other institutional investors have also modified their holdings of the company. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $323,337,000. Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust during the third quarter worth about $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in iShares Bitcoin Trust in the 3rd quarter valued at about $19,149,000. LMR Partners LLP boosted its stake in iShares Bitcoin Trust by 350.0% during the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after purchasing an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. increased its stake in shares of iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after purchasing an additional 423,100 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $57.85 on Tuesday. iShares Bitcoin Trust has a 12-month low of $23.88 and a 12-month high of $61.75. The business has a 50 day simple moving average of $55.77 and a 200 day simple moving average of $43.45.

iShares Bitcoin Trust 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.