EMC Capital Management Makes New $131,000 Investment in iShares Bitcoin Trust ETF $IBIT

EMC Capital Management purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,143 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBIT. Signature Resources Capital Management LLC grew its holdings in iShares Bitcoin Trust ETF by 81.6% during the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $30,000. JFS Wealth Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 447 shares in the last quarter. Hughes Financial Services LLC increased its holdings in iShares Bitcoin Trust ETF by 160.1% during the second quarter. Hughes Financial Services LLC now owns 619 shares of the company’s stock valued at $41,000 after buying an additional 381 shares during the period. Finally, TD Capital Management LLC raised its stake in iShares Bitcoin Trust ETF by 48.9% in the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after buying an additional 209 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 3.7%

Shares of NASDAQ IBIT opened at $50.73 on Thursday. iShares Bitcoin Trust ETF has a 12-month low of $42.98 and a 12-month high of $71.82. The stock’s fifty day simple moving average is $62.68 and its two-hundred day simple moving average is $62.68.

iShares Bitcoin Trust ETF 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.