NEOS Investment Management LLC Makes New $9.49 Million Investment in iShares Bitcoin Trust ETF $IBIT

NEOS Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 146,050 shares of the company’s stock, valued at approximately $9,493,000.

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

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $38.39 on Wednesday. The firm’s fifty day moving average is $48.13 and its 200 day moving average is $56.79. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

iShares Bitcoin Trust ETF 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.