SCS Capital Management LLC reduced its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 55.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,317 shares of the company’s stock after selling 71,366 shares during the quarter. SCS Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,796,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Laurore Ltd bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $436,239,000. Schonfeld Strategic Advisors LLC boosted its holdings in iShares Bitcoin Trust ETF by 19.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after acquiring an additional 1,093,183 shares during the last quarter. Sculptor Capital LP grew its stake in shares of iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after acquiring an additional 1,673,788 shares in the last quarter. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth $169,100,000. Finally, Crcm LP grew its stake in shares of iShares Bitcoin Trust ETF by 37.7% in the 3rd quarter. Crcm LP now owns 2,214,074 shares of the company’s stock worth $143,915,000 after acquiring an additional 605,992 shares in the last quarter.
iShares Bitcoin Trust ETF Trading Down 2.7%
NASDAQ IBIT opened at $40.49 on Tuesday. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82. The company has a fifty day moving average price of $42.28 and a 200-day moving average price of $45.19.
iShares Bitcoin Trust ETF Company 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.
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