SkyBridge Capital II LLC bought 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 13F filing with the Securities and Exchange Commission. The fund bought 177,515 shares of the company's stock, valued at approximately $9,417,000. iShares Bitcoin Trust makes up 100.0% of SkyBridge Capital II LLC's holdings, making the stock its largest position.
A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Capula Management Ltd grew its holdings in shares of iShares Bitcoin Trust by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock valued at $491,714,000 after buying an additional 743,930 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of 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 worth $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. Barclays PLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at $131,196,000. NINE MASTS CAPITAL Ltd boosted its position in shares of 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 buying an additional 346,918 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its holdings in iShares Bitcoin Trust by 849.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company's stock worth $75,538,000 after buying an additional 1,274,000 shares in the last quarter.
iShares Bitcoin Trust Stock Up 2.2 %
IBIT stock traded up $1.16 during trading on Wednesday, reaching $53.24. The stock had a trading volume of 60,700,653 shares, compared to its average volume of 46,353,492. The stock's 50 day moving average is $48.85 and its two-hundred day moving average is $50.30. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.
iShares Bitcoin Trust 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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