iShares Bitcoin Trust (NASDAQ:IBIT) Shares Down 6.2% – Here’s What Happened

Posted by Linda Flegge on Apr 8th, 2025

iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares fell 6.2% on Monday . The company traded as low as $42.98 and last traded at $44.74. 46,189,715 shares were traded during trading, an increase of 4% from the average session volume of 44,561,133 shares. The stock had previously closed at $47.71.

iShares Bitcoin Trust Stock Performance

The company has a fifty day moving average price of $51.18 and a 200-day moving average price of $49.45.

Institutional Trading of iShares Bitcoin Trust

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in shares of iShares Bitcoin Trust by 27.0% in the 4th quarter. Millennium Management LLC now owns 29,850,198 shares of the company’s stock valued at $1,583,553,000 after purchasing an additional 6,352,197 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth about $1,385,364,000. Symmetry Investments LP boosted its stake in shares of iShares Bitcoin Trust by 3,605.8% during the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after acquiring an additional 12,336,673 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of iShares Bitcoin Trust by 344.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after acquiring an additional 7,494,123 shares in the last quarter. Finally, Capula Management Ltd increased its holdings in shares of iShares Bitcoin Trust by 8.7% during the 4th quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock valued at $491,714,000 after acquiring an additional 743,930 shares during the last quarter.

About iShares Bitcoin Trust

(Get 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.