Solstein Capital LLC Raises Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Solstein Capital LLC grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 32,363 shares of the company’s stock after buying an additional 568 shares during the quarter. Solstein Capital LLC’s holdings in iShares Bitcoin Trust were worth $1,169,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter valued at approximately $26,000. Creekmur Asset Management LLC bought a new position in iShares Bitcoin Trust in the first quarter worth $30,000. Glass Jacobson Investment Advisors llc bought a new position in iShares Bitcoin Trust in the second quarter worth $26,000. Asset Dedication LLC raised its holdings in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust during the second quarter valued at $31,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $39.37 on Monday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The business has a fifty day moving average price of $35.82 and a 200-day moving average price of $36.07.

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.