Marathon Trading Investment Management LLC Makes New $783,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Marathon Trading Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,929 shares of the company’s stock, valued at approximately $783,000.

Other hedge funds have also recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new position in iShares Bitcoin Trust during the first quarter worth approximately $30,000. Sound Income Strategies LLC purchased a new position in iShares Bitcoin Trust during the first quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new position in iShares Bitcoin Trust during the second quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at $40,000.

iShares Bitcoin Trust Trading Up 0.1 %

NASDAQ IBIT opened at $34.15 on Thursday. The business’s fifty day simple moving average is $34.58 and its 200-day simple moving average is $36.42. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99.

iShares Bitcoin Trust 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.