Rye Brook Capital LLC Buys Shares of 21,900 iShares Bitcoin Trust ETF $IBIT

Rye Brook Capital LLC bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,900 shares of the company’s stock, valued at approximately $1,340,000. iShares Bitcoin Trust ETF makes up approximately 1.4% of Rye Brook Capital LLC’s investment portfolio, making the stock its 16th largest position.

A number of other institutional investors also recently made changes to their positions in the business. Schrum Private Wealth Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 8.0% in the 2nd quarter. Schrum Private Wealth Management LLC now owns 5,707 shares of the company’s stock valued at $349,000 after purchasing an additional 424 shares in the last quarter. Optas LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $261,000. Clear Creek Financial Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 52.4% in the 2nd quarter. Clear Creek Financial Management LLC now owns 18,321 shares of the company’s stock valued at $1,121,000 after acquiring an additional 6,299 shares during the last quarter. Narwhal Capital Management bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $294,000. Finally, Ignite Planners LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $331,000.

iShares Bitcoin Trust ETF Trading Up 1.3%

Shares of NASDAQ IBIT opened at $70.06 on Thursday. iShares Bitcoin Trust ETF has a twelve month low of $33.47 and a twelve month high of $71.82. The business has a 50 day simple moving average of $65.30 and a 200-day simple moving average of $60.20.

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.