Basso Capital Management L.P. Buys 17,400 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Basso Capital Management L.P. boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 124.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,400 shares of the company’s stock after purchasing an additional 17,400 shares during the quarter. iShares Bitcoin Trust accounts for about 1.4% of Basso Capital Management L.P.’s portfolio, making the stock its 12th largest holding. Basso Capital Management L.P.’s holdings in iShares Bitcoin Trust were worth $1,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vienna Asset Management LLC raised its stake in iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after purchasing an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $656,000. Andina Capital Management LLC raised its position in shares of iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after buying an additional 9,728 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after buying an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC raised its position in shares of iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after buying an additional 62,338 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $48.14 on Monday. The firm has a 50 day moving average of $54.02 and a 200-day moving average of $47.78. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

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.