Whittier Trust Co. of Nevada Inc. Makes New $28,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Whittier Trust Co. of Nevada Inc. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 521 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC lifted its position in iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after buying an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth approximately $23,686,000. Verde Servicos Internacionais S.A. boosted its position in shares of iShares Bitcoin Trust by 3,525.8% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after purchasing an additional 423,100 shares during the period. Parallax Volatility Advisers L.P. increased its holdings 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 purchasing an additional 370,000 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd raised its position in iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after purchasing an additional 346,918 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT opened at $50.18 on Tuesday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The business has a fifty day simple moving average of $53.27 and a 200-day simple moving average of $48.42.

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.