Crystal Rock Capital Management Invests $1.12 Million in iShares Bitcoin Trust ETF $IBIT

Crystal Rock Capital Management purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 17,150 shares of the company’s stock, valued at approximately $1,115,000. iShares Bitcoin Trust ETF comprises approximately 0.6% of Crystal Rock Capital Management’s holdings, making the stock its 29th largest holding.

Other large investors also recently bought and sold shares of the company. Capula Management Ltd grew its stake in shares of iShares Bitcoin Trust ETF by 22.5% during the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after purchasing an additional 1,739,073 shares during the period. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after buying an additional 1,673,788 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock valued at $196,916,000 after buying an additional 2,953,342 shares during the period. Mint Tower Capital Management B.V. increased its holdings in iShares Bitcoin Trust ETF by 1,131.5% in the second quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock valued at $174,405,000 after buying an additional 2,617,925 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in shares of iShares Bitcoin Trust ETF in the second quarter worth about $116,666,000.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $39.68 on Monday. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The company’s 50-day simple moving average is $49.93 and its 200-day simple moving average is $58.15.

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.