Solstein Capital LLC Increases Stake in iShares Bitcoin Trust ETF $IBIT

Solstein Capital LLC raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 41,318 shares of the company’s stock after purchasing an additional 7,035 shares during the quarter. iShares Bitcoin Trust ETF makes up approximately 1.2% of Solstein Capital LLC’s portfolio, making the stock its 18th largest holding. Solstein Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in iShares Bitcoin Trust ETF by 80.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after acquiring an additional 13,731,993 shares during the period. Mubadala Investment Co PJSC lifted 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 during the period. Kingstone Capital Partners Texas LLC bought a new position in iShares Bitcoin Trust ETF during the 2nd quarter valued at about $408,082,000. Crcm LP lifted its stake in iShares Bitcoin Trust ETF by 4.7% during 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 period. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in iShares Bitcoin Trust ETF during the 1st quarter valued at about $133,168,000.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $62.83 on Monday. The company’s 50-day simple moving average is $64.60 and its two-hundred day simple moving average is $61.74. iShares Bitcoin Trust ETF has a 52-week low of $37.47 and a 52-week high of $71.82.

iShares Bitcoin Trust ETF 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.