Marathon Trading Investment Management LLC Increases Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Marathon Trading Investment Management LLC grew its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 238.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,600 shares of the company’s stock after buying an additional 54,671 shares during the period. iShares Bitcoin Trust accounts for about 0.3% of Marathon Trading Investment Management LLC’s holdings, making the stock its 19th largest holding. Marathon Trading Investment Management LLC’s holdings in iShares Bitcoin Trust were worth $2,804,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Mill Creek Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at about $2,226,000. RIA Advisory Group LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at about $563,000. Paragon Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust by 54.8% in the 3rd quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock valued at $16,552,000 after purchasing an additional 162,178 shares during the last quarter. Evolution Wealth Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust by 275.8% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 122,129 shares of the company’s stock valued at $4,413,000 after purchasing an additional 89,634 shares during the last quarter. Finally, Vishria Bird Financial Group LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at about $4,491,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $52.13 on Friday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $53.26. The stock’s 50-day moving average price is $38.39 and its 200 day moving average price is $36.75.

iShares Bitcoin Trust 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.