Phraction Management LLC Makes New $1.37 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Phraction Management LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,902 shares of the company’s stock, valued at approximately $1,374,000. iShares Bitcoin Trust accounts for about 0.5% of Phraction Management LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors have also recently modified their holdings of the business. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $323,337,000. Horizon Kinetics Asset Management LLC lifted its stake in iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after buying an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its stake in iShares Bitcoin Trust by 127.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after buying an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC purchased a new position in iShares Bitcoin Trust in the 3rd quarter valued at about $23,686,000. Finally, LMR Partners LLP lifted its stake in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares in the last quarter.

iShares Bitcoin Trust Stock Up 1.9 %

Shares of iShares Bitcoin Trust stock opened at $55.16 on Thursday. iShares Bitcoin Trust has a twelve month low of $27.62 and a twelve month high of $61.75. The firm’s 50-day moving average price is $56.36 and its 200 day moving average price is $45.15.

iShares Bitcoin Trust 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.