Global Endowment Management LP acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,500 shares of the company's stock, valued at approximately $292,000.
Other hedge funds also recently made changes to their positions in the company. Capula Management Ltd increased its holdings in iShares Bitcoin Trust by 8.7% during the 4th quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock worth $491,714,000 after purchasing an additional 743,930 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock valued at $246,430,000 after buying an additional 4,573,794 shares during the last quarter. Barclays PLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $131,196,000. NINE MASTS CAPITAL Ltd increased its stake in iShares Bitcoin Trust by 29.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company's stock valued at $80,541,000 after purchasing an additional 346,918 shares during the last quarter. Finally, ExodusPoint Capital Management LP raised its stake in iShares Bitcoin Trust by 849.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company's stock worth $75,538,000 after acquiring an additional 1,274,000 shares during the period.
iShares Bitcoin Trust Price Performance
IBIT traded up $0.30 during trading on Friday, reaching $48.26. 23,726,023 shares of the company were exchanged, compared to its average volume of 45,494,238. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The firm has a 50 day moving average of $49.02 and a 200 day moving average of $49.97.
iShares Bitcoin Trust Company Profile
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Free Report)
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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