Dynamic Technology Lab Private Ltd Invests $1.01 Million in iShares Bitcoin Trust ETF $IBIT

Dynamic Technology Lab Private Ltd acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,550 shares of the company’s stock, valued at approximately $1,013,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of iShares Bitcoin Trust ETF by 80.3% in the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after buying an additional 13,731,993 shares during the last quarter. Mubadala Investment Co PJSC grew its stake in iShares Bitcoin Trust ETF by 6.0% during the 1st quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after acquiring an additional 491,439 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in iShares Bitcoin Trust ETF during the 2nd quarter valued at about $408,082,000. Crcm LP raised its holdings in iShares Bitcoin Trust ETF by 4.7% in the 1st quarter. Crcm LP now owns 3,154,810 shares of the company’s stock valued at $147,677,000 after acquiring an additional 142,685 shares during the last quarter. Finally, Mint Tower Capital Management B.V. lifted its stake in iShares Bitcoin Trust ETF by 1,131.5% in the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after purchasing an additional 2,617,925 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $47.97 on Friday. The stock’s 50 day simple moving average is $61.99 and its 200-day simple moving average is $62.54. iShares Bitcoin Trust ETF has a 1-year low of $42.98 and a 1-year high of $71.82.

About iShares Bitcoin Trust ETF

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.