iShares Bitcoin Trust ETF $IBIT is PPSC Investment Service Corp’s 6th Largest Position

PPSC Investment Service Corp raised its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 19.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 566,000 shares of the company’s stock after purchasing an additional 94,000 shares during the period. iShares Bitcoin Trust ETF comprises 1.7% of PPSC Investment Service Corp’s holdings, making the stock its 6th largest position. PPSC Investment Service Corp’s holdings in iShares Bitcoin Trust ETF were worth $21,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Star Investment Management Corp. increased its stake in iShares Bitcoin Trust ETF by 5.7% during the 1st quarter. North Star Investment Management Corp. now owns 6,340 shares of the company’s stock worth $244,000 after buying an additional 340 shares in the last quarter. Portus Wealth Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the first quarter worth approximately $82,000. Apollon Wealth Management LLC increased its position in shares of iShares Bitcoin Trust ETF by 23.6% during the first quarter. Apollon Wealth Management LLC now owns 30,617 shares of the company’s stock worth $1,176,000 after purchasing an additional 5,840 shares in the last quarter. Vicus Capital increased its position in shares of iShares Bitcoin Trust ETF by 18.2% during the first quarter. Vicus Capital now owns 9,529 shares of the company’s stock worth $366,000 after purchasing an additional 1,464 shares in the last quarter. Finally, Coston McIsaac & Partners increased its position in shares of iShares Bitcoin Trust ETF by 348.8% during the first quarter. Coston McIsaac & Partners now owns 4,084 shares of the company’s stock worth $156,000 after purchasing an additional 3,174 shares in the last quarter.

iShares Bitcoin Trust ETF News Summary

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

• Negative Sentiment: Bitcoin ETF outflows crossed a record $4 billion in June, signaling sustained institutional selling pressure across the category. Bitcoin ETF outflows cross record $4 billion in June
• Negative Sentiment: Reports said IBIT suffered about $1.3 billion in outflows as investors reduced crypto exposure amid geopolitical uncertainty and weaker demand for “safe money” flows. BlackRock Bitcoin News: IBIT Suffers $1.3Bn Outflow as Iran Shakes Safe Money
• Negative Sentiment: More commentary highlighted record-high Bitcoin ETF outflows and growing worries about a broader “crypto winter,” which is weighing on IBIT sentiment. Bitcoin ETF Outflows Hit Record Highs As Crypto Winter Sets In
• Negative Sentiment: IBIT investors are being reported as deeply underwater, with the average holder now down significantly after Bitcoin’s decline, adding to selling pressure and negative sentiment. BlackRock’s IBIT Sees Average Investor Down 40% Amid Bitcoin Drop
• Neutral Sentiment: IBIT reportedly surpassed Fidelity in assets under management, but that relative scale milestone is being overshadowed by the broader selloff. iShares Bitcoin Trust ETF Tops Fidelity in Assets Under Management
• Neutral Sentiment: Articles promoting Bitcoin ETFs as a safer way to gain crypto exposure may support long-term interest in IBIT, but they do not offset the current outflow trend. You Want Bitcoin, Not the Exchange Horror Stories. These 3 ETFs Get You $25K in Crypto, No Sketchy Apps

iShares Bitcoin Trust ETF Trading Up 1.0%

Shares of NASDAQ IBIT opened at $34.18 on Tuesday. The firm has a 50-day simple moving average of $40.65 and a 200-day simple moving average of $42.96. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82.

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.