Griffin Asset Management Inc. Boosts Stake in iShares Bitcoin Trust ETF $IBIT

Griffin Asset Management Inc. raised its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,333 shares of the company’s stock after acquiring an additional 3,847 shares during the period. Griffin Asset Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $1,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 10.8% during the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after purchasing an additional 177 shares in the last quarter. Philadelphia Trust Co. lifted its stake in shares of iShares Bitcoin Trust ETF by 1.5% during the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after purchasing an additional 180 shares in the last quarter. GSG Advisors LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after purchasing an additional 180 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 3.9% during the second quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock worth $305,000 after purchasing an additional 187 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of iShares Bitcoin Trust ETF by 0.4% during the second quarter. Truist Financial Corp now owns 45,287 shares of the company’s stock worth $2,772,000 after purchasing an additional 193 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 3.7%

NASDAQ:IBIT opened at $66.20 on Monday. iShares Bitcoin Trust ETF has a one year low of $34.94 and a one year high of $71.82. The business’s 50-day simple moving average is $65.39 and its 200 day simple moving average is $60.60.

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.