Summit Trail Advisors LLC Acquires Shares of 72,672 iShares Bitcoin Trust (NASDAQ:IBIT)

Summit Trail Advisors LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 72,672 shares of the company’s stock, valued at approximately $2,626,000.

Other large investors have also recently bought and sold shares of the company. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $323,337,000. Aristeia Capital L.L.C. boosted its holdings in iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares in the last quarter. Sculptor Capital LP increased its stake in iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after purchasing an additional 2,486,608 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $56,965,000.

iShares Bitcoin Trust Stock Up 1.1 %

NASDAQ IBIT opened at $56.49 on Monday. The firm’s fifty day moving average price is $40.50 and its 200 day moving average price is $37.45. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $56.86.

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.