Gainplan LLC Invests $9.95 Million in iShares Bitcoin Trust

Gainplan LLC has made a significant move by acquiring a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter of the year. According to the firm's latest 13F filing with the Securities and Exchange Commission, Gainplan LLC purchased 187,573 shares of iShares Bitcoin Trust, which is valued at approximately $9,951,000. This investment represents about 3.8% of Gainplan's overall portfolio, making iShares Bitcoin Trust its fifth-largest holding.

Recent Investor Activity

In addition to Gainplan LLC, several other large investors have also shown interest in iShares Bitcoin Trust by adjusting their holdings. For instance, PSI Advisors LLC initiated a new position in iShares Bitcoin Trust in the fourth quarter, amounting to around $30,000. Similarly, Glass Jacobson Investment Advisors LLC entered the market by purchasing shares valued at about $26,000 in the second quarter. Furthermore, Asset Dedication LLC increased its stake by 52.4% in the third quarter, now owning 811 shares worth approximately $29,000 after acquiring an additional 279 shares recently. Future Financial Wealth Management LLC made a notable increase to its position, soaring by 2,000.0% during the fourth quarter and now holds 1,050 shares valued at $56,000 after adding 1,000 shares. Lastly, West Financial Advisors LLC also acquired a new stake valued at around $40,000 in the third quarter.

iShares Bitcoin Trust Stock Performance

As of Tuesday, iShares Bitcoin Trust is trading at $53.22. The stock’s 50-day simple moving average stands at $53.72, while its 200-day simple moving average is reported at $41.89. Notably, iShares Bitcoin Trust has experienced volatility over the past year, with a 52-week low of $22.02 and a high of $61.75, reflecting the fluctuating nature of the cryptocurrency market.

Overview of iShares Bitcoin Trust

The iShares Bitcoin Trust (NASDAQ:IBIT) is an exchange-traded fund that primarily invests in long positions on Bitcoin and short positions on the US dollar. It is a passively managed fund designed to track the spot price of Bitcoin. Launched on January 5, 2024, it is managed by BlackRock, a leading asset management firm.

Investor Insights

Investors should stay informed about other hedge funds and the changing dynamics of the iShares Bitcoin Trust. This information can be crucial for making informed investment decisions.

For those considering investing in iShares Bitcoin Trust, it is recommended to remain vigilant about market trends and other alternative investment opportunities.

investment, stocks, crypto