Wolverine Asset Management LLC Has $2.50 Million Position in iShares Bitcoin Trust ETF $IBIT

Wolverine Asset Management LLC lowered its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 90.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,350 shares of the company’s stock after selling 503,340 shares during the period. Wolverine Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vivaldi Capital Management LP increased its holdings in shares of iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares in the last quarter. McIlrath & Eck LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after purchasing an additional 163 shares in the last quarter. Encompass Wealth Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 2.2% in the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock valued at $498,000 after purchasing an additional 165 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 3.3% in the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after purchasing an additional 172 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 2.4% in the third quarter. FSB Premier Wealth Management Inc. now owns 7,244 shares of the company’s stock valued at $471,000 after purchasing an additional 173 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Up 2.1%

IBIT opened at $45.40 on Tuesday. The company has a fifty day moving average price of $40.40 and a two-hundred day moving average price of $47.61. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week 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.