Griffin Asset Management Inc. Increases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Griffin Asset Management Inc. increased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,333 shares of the company’s stock after purchasing an additional 3,847 shares during the period. Griffin Asset Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $1,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. grew 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 purchasing an additional 13,731,993 shares during the period. Mubadala Investment Co PJSC grew its position in shares of iShares Bitcoin Trust ETF by 6.0% in the first quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after purchasing an additional 491,439 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at $408,082,000. Crcm LP grew its position in shares of iShares Bitcoin Trust ETF by 4.7% in the first quarter. Crcm LP now owns 3,154,810 shares of the company’s stock valued at $147,677,000 after purchasing an additional 142,685 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the first quarter valued at $133,168,000.

iShares Bitcoin Trust ETF Stock Down 3.7%

Shares of NASDAQ:IBIT opened at $66.20 on Monday. The business has a fifty day simple moving average of $65.39 and a 200-day simple moving average of $60.60. iShares Bitcoin Trust ETF has a 52 week low of $34.94 and a 52 week high of $71.82.

iShares Bitcoin Trust ETF Company 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.