Sage Investment Advisers LLC purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,535 shares of the company’s stock, valued at approximately $1,119,000.
A number of other institutional investors have also recently made changes to their positions in the stock. McIlrath & Eck LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares during the last quarter. Vivaldi Capital Management LP boosted its holdings in shares of iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after acquiring an additional 163 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 3.3% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after acquiring an additional 172 shares during the last quarter. Consolidated Portfolio Review Corp boosted its holdings in shares of iShares Bitcoin Trust ETF by 2.3% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 7,851 shares of the company’s stock valued at $510,000 after acquiring an additional 174 shares during the last quarter. Finally, Fusion Capital LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 3.7% during the 3rd quarter. Fusion Capital LLC now owns 4,993 shares of the company’s stock valued at $311,000 after acquiring an additional 178 shares during the last quarter.
iShares Bitcoin Trust ETF Price Performance
IBIT opened at $41.63 on Monday. The company’s 50 day moving average is $42.26 and its 200 day moving average is $45.32. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82.
iShares Bitcoin Trust ETF News Roundup
- Positive Sentiment: Some investors are still choosing IBIT over crypto exchanges, suggesting BlackRock’s brand and ETF structure remain appealing for beginners and long-term allocators. Bitcoin ETF News: Why Beginners Are Choosing BlackRock Over Crypto Exchanges
- Neutral Sentiment: Short interest data showed 0 shares reported, offering little evidence of bearish positioning in the stock itself, though the data appears incomplete and may not be meaningful for trading.
- Negative Sentiment: Multiple reports say IBIT has seen very large outflows, including a reported $527 million outflow and other sizable redemptions, signaling investors are pulling money from the ETF. BlackRock’s IBIT Bitcoin ETF sees $527 million outflow: What is going on?
- Negative Sentiment: BlackRock clients reportedly sold about $177 million worth of Bitcoin, extending the outflow trend and adding to near-term pressure on IBIT. BlackRock clients sell $177M worth of Bitcoin as IBIT outflows continue
- Negative Sentiment: News of a $1.29 billion dark pool/block sale in IBIT raised concerns that a large whale was unloading a major position, even though Bitcoin itself did not crash. Bitcoin ETF News: BlackRock’s $1.3Bn IBIT Dark Pool Sale – Why Didn’t BTC Crash?
- Negative Sentiment: Additional coverage said Bitcoin ETFs, including IBIT, are seeing a seven-day streak of withdrawals as investors step back from the “debasement trade,” which could weigh on sentiment for the ETF. Bitcoin ETFs and gold see outflows as investors retreat from the debasement trade
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.
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