Prodigy Asset Management LLC purchased a new stake in iShares Bitcoin Trust ETF (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 institutional investor purchased 17,600 shares of the company’s stock, valued at approximately $874,000. iShares Bitcoin Trust ETF accounts for 0.3% of Prodigy Asset Management LLC’s portfolio, making the stock its 12th largest position.
Other large investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at $25,000. Anchor Investment Management LLC raised its stake in iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after acquiring an additional 305 shares during the period. Financial Life Planners bought a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at $31,000. Semmax Financial Advisors Inc. raised its stake in iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after acquiring an additional 284 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. raised its stake in iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period.
iShares Bitcoin Trust ETF Price Performance
IBIT opened at $41.63 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The business’s fifty day moving average is $42.26 and its 200-day moving average is $45.42.
iShares Bitcoin Trust ETF News Summary
- Positive Sentiment: Some investors are still choosing IBIT over crypto exchanges, suggesting BlackRock’s brand and ETF structure remain appealing for beginners and long-term allocators. Bitcoin ETF News: Why Beginners Are Choosing BlackRock Over Crypto Exchanges
- Neutral Sentiment: Short interest data showed 0 shares reported, offering little evidence of bearish positioning in the stock itself, though the data appears incomplete and may not be meaningful for trading.
- Negative Sentiment: Multiple reports say IBIT has seen very large outflows, including a reported $527 million outflow and other sizable redemptions, signaling investors are pulling money from the ETF. BlackRock’s IBIT Bitcoin ETF sees $527 million outflow: What is going on?
- Negative Sentiment: BlackRock clients reportedly sold about $177 million worth of Bitcoin, extending the outflow trend and adding to near-term pressure on IBIT. BlackRock clients sell $177M worth of Bitcoin as IBIT outflows continue
- Negative Sentiment: News of a $1.29 billion dark pool/block sale in IBIT raised concerns that a large whale was unloading a major position, even though Bitcoin itself did not crash. Bitcoin ETF News: BlackRock’s $1.3Bn IBIT Dark Pool Sale – Why Didn’t BTC Crash?
- Negative Sentiment: Additional coverage said Bitcoin ETFs, including IBIT, are seeing a seven-day streak of withdrawals as investors step back from the “debasement trade,” which could weigh on sentiment for the ETF. Bitcoin ETFs and gold see outflows as investors retreat from the debasement trade
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.
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