Genesee Capital Advisors LLC Boosts Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Genesee Capital Advisors LLC grew its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 25.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 58,604 shares of the company’s stock after purchasing an additional 11,916 shares during the period. iShares Bitcoin Trust comprises 1.4% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Genesee Capital Advisors LLC’s holdings in iShares Bitcoin Trust were worth $3,109,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IBIT. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust during the third quarter worth about $323,337,000. Horizon Kinetics Asset Management LLC increased its holdings in iShares Bitcoin Trust by 11.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after purchasing an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. raised its position in shares of 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 purchasing an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC purchased a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at approximately $23,686,000. Finally, LMR Partners LLP increased its stake in shares of iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after buying an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Stock Down 0.2 %

IBIT opened at $57.58 on Wednesday. iShares Bitcoin Trust has a 12-month low of $23.88 and a 12-month high of $61.75. The firm’s fifty day moving average price is $55.88 and its 200 day moving average price is $43.63.

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.