Galaxy Digital Capital Management GP LLC trimmed its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 77.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,650 shares of the company’s stock after selling 81,273 shares during the period. iShares Bitcoin Trust ETF accounts for 1.2% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its 22nd biggest holding. Galaxy Digital Capital Management GP LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,174,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J. Derek Lewis & Associates Inc. acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $747,000. Purpose Unlimited Inc. acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $2,215,000. Rockefeller Capital Management L.P. raised its stake in shares of iShares Bitcoin Trust ETF by 31.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,566 shares of the company’s stock worth $127,000 after purchasing an additional 608 shares during the last quarter. Osbon Capital Management LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth about $775,000. Finally, ARP Global Capital Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $27,427,000.
iShares Bitcoin Trust ETF Price Performance
iShares Bitcoin Trust ETF stock opened at $35.62 on Friday. The stock has a 50-day moving average price of $41.54 and a 200 day moving average price of $43.73. iShares Bitcoin Trust ETF has a 52 week low of $33.48 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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