SFI Advisors LLC Invests $767,000 in iShares Bitcoin Trust ETF $IBIT

SFI Advisors LLC bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, HoldingsChannel.com reports. The firm bought 11,807 shares of the company’s stock, valued at approximately $767,000.

Other hedge funds have also bought and sold shares of the company. Sachetta LLC grew its position in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares in the last quarter. Signature Resources Capital Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 81.6% in the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after buying an additional 200 shares during the period. RMG Wealth Management LLC acquired a new position in iShares Bitcoin Trust ETF in the 2nd quarter valued at $30,000. Roble Belko & Company Inc lifted its position in shares of iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, JFS Wealth Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 1,277.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Up 0.4%

IBIT opened at $54.24 on Monday. iShares Bitcoin Trust ETF has a twelve month low of $42.98 and a twelve month high of $71.82. The company has a 50-day simple moving average of $51.59 and a 200 day simple moving average of $60.07.

About iShares Bitcoin Trust ETF

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.