Objective Capital Management LLC Invests in iShares Bitcoin Trust

Objective Capital Management LLC has recently announced a new investment in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the third quarter. This information was revealed in their most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,012 shares valued at approximately $1,229,000.

A variety of other hedge funds and institutional investors have also made changes to their positions in iShares Bitcoin Trust. For example, in the second quarter, Glass Jacobson Investment Advisors LLC initiated a new investment valued at around $26,000. Meanwhile, Asset Dedication LLC increased its stake in third quarter by 52.4%, bringing its total holdings to 811 shares valued at $29,000 after buying an additional 279 shares. Creekmur Asset Management LLC also made a new investment in the first quarter worth around $30,000, while International Assets Investment Management LLC and Thurston Springer Miller Herd & Titak Inc. purchased new positions in the second quarter valued at $31,000 and $36,000, respectively.

iShares Bitcoin Trust Stock Performance

On Friday, shares of NASDAQ:IBIT rose by $0.09, closing at $43.69. The trading volume reached 44,183,719 shares, significantly higher than the average volume of 31,394,033 shares. iShares Bitcoin Trust has seen a 50-day moving average of $36.55 and a 200-day moving average of $36.24. Over the past year, the stock's lowest point was $22.02 and its highest was $44.09.

iShares Bitcoin Trust Company Profile

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund that primarily invests in long positions in Bitcoin while shorting the U.S. dollar currency. Launched on January 5, 2024, this passively managed fund aims to mirror the spot price of Bitcoin. The fund is issued by BlackRock.

Further Reading

In addition to various investment movements, several articles and resources discuss strategies and shifts in the market.

investment, Bitcoin, ETFs