iShares Bitcoin Trust (NASDAQ:IBIT) Trading Up 1.3% – What’s Next?

iShares Bitcoin Trust (NASDAQ:IBIT)’s share price rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $54.73 and last traded at $54.25. Approximately 10,065,283 shares changed hands during trading, a decline of 71% from the average daily volume of 35,120,449 shares. The stock had previously closed at $53.55.

iShares Bitcoin Trust Trading Down 0.9 %

The stock’s 50-day moving average is $50.69 and its 200-day moving average is $40.60.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Asset Dedication LLC grew its holdings in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after buying an additional 304 shares during the period. Doliver Advisors LP grew its position in shares of iShares Bitcoin Trust by 4.9% in the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after buying an additional 350 shares during the last quarter. Summit Global Investments increased its stake in shares of iShares Bitcoin Trust by 3.3% in the third quarter. Summit Global Investments now owns 11,214 shares of the company’s stock valued at $405,000 after buying an additional 355 shares during the period. Finally, Mirador Capital Partners LP raised its position in shares of iShares Bitcoin Trust by 4.0% during the third quarter. Mirador Capital Partners LP now owns 10,057 shares of the company’s stock worth $363,000 after acquiring an additional 384 shares during the last quarter.

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.