Atomi Financial Group Inc. Increases Stake in iShares Bitcoin Trust

Atomi Financial Group Inc. has significantly increased its investment in iShares Bitcoin Trust (NASDAQ:IBIT) by 41.4% during the 4th quarter, as reported in its latest filing with the Securities & Exchange Commission. The firm now holds a total of 18,656 shares in the trust, following the acquisition of an additional 5,461 shares during this period. By the end of the recent quarter, Atomi Financial Group Inc.'s investment in iShares Bitcoin Trust was valued at approximately $990,000.

Recent Institutional Activity

Other institutional investors have also been active in modifying their positions in iShares Bitcoin Trust. Vienna Asset Management LLC increased its investment by an impressive 131.6% during the 3rd quarter, now owning 26,642 shares valued at $963,000 after adding 15,137 shares last quarter. Additionally, Garden State Investment Advisory Services LLC made a new investment in iShares Bitcoin Trust during the third quarter worth about $656,000.

B. Riley Wealth Advisors Inc. similarly raised their holdings in this trust by 32.2% in the third quarter, now owning 38,078 shares valued at approximately $1,357,000 after acquiring 9,266 additional shares. Capstone Investment Advisors LLC also joined the ranks of investors, purchasing a new stake in the trust valued at $11,507,000 during the same period. Meanwhile, Marathon Trading Investment Management LLC raised its position in iShares Bitcoin Trust by an astonishing 238.4%, now holding 77,600 shares valued at $2,804,000 after acquiring an additional 54,671 shares.

iShares Bitcoin Trust Price Trends

As of Thursday, shares of iShares Bitcoin Trust (NASDAQ:IBIT) opened at $59.38. This investment vehicle has experienced a low of $22.02 and a peak of $61.75 over the past year. The average price over the past 50 days stands at $55.27, while its 200-day moving average is $42.89.

About iShares Bitcoin Trust

iShares Bitcoin Trust (IBIT) is an exchange-traded fund primarily focused on investing in Bitcoin while shorting USD currency. This passively managed fund aims to mirror the spot price of Bitcoin. Launched on January 5, 2024, the trust is issued by BlackRock.

Conclusion

With many institutional investors taking interest in iShares Bitcoin Trust, it appears that there is growing confidence in the fund's performance. As more organizations increase their investment stakes, this could indicate a positive outlook for the future of Bitcoin as an asset class.

investment, Bitcoin, stocks