Permian Investment Partners LP Takes Position in iShares Bitcoin Trust ETF $IBIT

Permian Investment Partners LP acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 27,407 shares of the company’s stock, valued at approximately $912,379,000. iShares Bitcoin Trust ETF makes up approximately 0.1% of Permian Investment Partners LP’s holdings, making the stock its 12th biggest position.

Several other hedge funds have also added to or reduced their stakes in IBIT. Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. Bison Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $3,140,000. Royal Bank of Canada increased its position in shares of iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after acquiring an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after acquiring an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth $357,000.

Key Stories Impacting iShares Bitcoin Trust ETF

Here are the key news stories impacting iShares Bitcoin Trust ETF this week:

• Positive Sentiment: BlackRock’s IBIT is attracting substantial institutional demand. It reportedly captured about 62% of a recent $338 million daily inflow into U.S. spot Bitcoin ETFs, while the sector recorded nearly $1.9 billion of weekly inflows. IBIT now has approximately $60 billion in assets, supporting the case for continued liquidity and adoption. Bitcoin to $100K? BlackRock’s $5B ETF Shift Pulls More BTC Into Wall Street
• Positive Sentiment: Bitcoin’s rebound is benefiting IBIT as gold and cryptocurrency regain favor as “hard assets.” A weaker dollar, lower bond yields and renewed debasement concerns are encouraging investors to seek exposure outside traditional fixed-income and currency assets. Gold and BTC Surge As Bessent Reignites The Debasement Trade
• Positive Sentiment: IBIT has returned to the list of the most actively traded ETFs, indicating elevated investor interest and improving market liquidity as the “debasement trade” challenges enthusiasm for AI-related assets. BlackRock’s IBIT and GLD rejoin top 10 most-traded ETFs
• Neutral Sentiment: IBIT offers direct, unleveraged Bitcoin exposure with a 0.25% net expense ratio, making it a simpler alternative to leveraged crypto-related companies and Bitcoin miners. However, that structure also means the fund remains highly sensitive to Bitcoin price swings and macroeconomic sentiment. Strategy’s $1.59B Gamble
• Negative Sentiment: The recent rally has increased the risk of consolidation or profit-taking after IBIT advanced sharply over the past week. Bitcoin’s failure to sustain momentum near $80,000, or a rebound in the dollar and bond yields, could pressure the ETF.

iShares Bitcoin Trust ETF Stock Down 0.6%

Shares of IBIT stock opened at $44.46 on Thursday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The company has a 50 day simple moving average of $36.70 and a two-hundred day simple moving average of $39.16.

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.