Crcm LP Grows Stake in iShares Bitcoin Trust ETF $IBIT

Crcm LP grew its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 37.7% in the third quarter, Holdings Channel reports. The firm owned 2,214,074 shares of the company’s stock after buying an additional 605,992 shares during the quarter. iShares Bitcoin Trust ETF accounts for about 38.4% of Crcm LP’s portfolio, making the stock its biggest position. Crcm LP’s holdings in iShares Bitcoin Trust ETF were worth $143,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sachetta LLC raised its position in iShares Bitcoin Trust ETF by 793.0% in the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares during the last quarter. Roble Belko & Company Inc boosted its holdings in shares of iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Highline Wealth Partners LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 150.0% during the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Semmax Financial Advisors Inc. lifted its position in iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the period. Finally, WFA of San Diego LLC bought a new position in iShares Bitcoin Trust ETF during the second quarter valued at approximately $34,000.

iShares Bitcoin Trust ETF Stock Up 7.1%

NASDAQ:IBIT opened at $41.44 on Thursday. The company has a 50 day simple moving average of $45.56 and a two-hundred day simple moving average of $54.67. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month 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.