iShares Bitcoin Trust (NASDAQ:IBIT) Holdings Boosted by Oxler Private Wealth LLC

Oxler Private Wealth LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 1.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 472,943 shares of the company’s stock after buying an additional 7,465 shares during the period. iShares Bitcoin Trust accounts for approximately 6.0% of Oxler Private Wealth LLC’s investment portfolio, making the stock its 4th largest position. Oxler Private Wealth LLC’s holdings in iShares Bitcoin Trust were worth $17,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bracebridge Capital LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $100,639,000. D. E. Shaw & Co. Inc. lifted its stake in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after acquiring an additional 2,486,608 shares in the last quarter. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares during the period. Aristeia Capital L.L.C. grew its position in iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after acquiring an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in iShares Bitcoin Trust during the second quarter worth about $56,965,000.

iShares Bitcoin Trust Trading Up 3.2 %

Shares of NASDAQ IBIT traded up $1.16 during midday trading on Monday, hitting $37.10. The company’s stock had a trading volume of 6,763,799 shares, compared to its average volume of 30,032,020. The business’s fifty day simple moving average is $34.22 and its two-hundred day simple moving average is $36.03. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99.

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.