Graypoint LLC decreased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 61.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,541 shares of the company's stock after selling 10,319 shares during the quarter. Graypoint LLC's holdings in iShares Bitcoin Trust were worth $347,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of IBIT. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $323,337,000. Aristeia Capital L.L.C. boosted its holdings in iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Sculptor Capital LP grew its stake in shares of iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock valued at $115,831,000 after buying an additional 2,215,107 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock valued at $90,014,000 after buying an additional 2,486,608 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at approximately $56,965,000.
iShares Bitcoin Trust Price Performance
IBIT stock traded up $0.50 during midday trading on Friday, hitting $53.84. 43,895,978 shares of the company's stock were exchanged, compared to its average volume of 44,869,242. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75. The business has a 50-day simple moving average of $53.42 and a two-hundred day simple moving average of $41.76.
iShares Bitcoin Trust Company Profile
(
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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