iShares Bitcoin Trust (NASDAQ:IBIT) Shares Gap Up – What’s Next?

iShares Bitcoin Trust (NASDAQ:IBIT)’s share price gapped up prior to trading on Monday . The stock had previously closed at $47.90, but opened at $52.97. iShares Bitcoin Trust shares last traded at $51.01, with a volume of 35,390,335 shares changing hands.

iShares Bitcoin Trust Trading Up 4.2 %

The firm has a 50-day moving average price of $55.04 and a two-hundred day moving average price of $47.03.

Institutional Investors Weigh In On iShares Bitcoin Trust

Several institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of iShares Bitcoin Trust by 3,513.0% in the third quarter. International Assets Investment Management LLC now owns 32,517 shares of the company’s stock worth $1,175,000 after purchasing an additional 31,617 shares in the last quarter. Pettinga Financial Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 34.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock valued at $312,000 after acquiring an additional 2,230 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of iShares Bitcoin Trust by 33.2% in the third quarter. Farther Finance Advisors LLC now owns 28,986 shares of the company’s stock valued at $1,047,000 after acquiring an additional 7,220 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in iShares Bitcoin Trust by 3.9% during the third quarter. Chicago Partners Investment Group LLC now owns 17,787 shares of the company’s stock worth $673,000 after acquiring an additional 672 shares in the last quarter. Finally, World Equity Group Inc. boosted its position in iShares Bitcoin Trust by 31.3% during the third quarter. World Equity Group Inc. now owns 9,027 shares of the company’s stock valued at $326,000 after purchasing an additional 2,151 shares during the last quarter.

About iShares Bitcoin Trust

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.