SkyBridge Capital II LLC Invests $9.42 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

SkyBridge Capital II LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 177,515 shares of the company’s stock, valued at approximately $9,417,000. iShares Bitcoin Trust makes up about 100.0% of SkyBridge Capital II LLC’s investment portfolio, making the stock its largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Andina Capital Management LLC grew its stake in shares of iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after purchasing an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after buying an additional 9,266 shares in the last quarter. Mutual Advisors LLC lifted its holdings in iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after buying an additional 62,338 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter valued at $656,000. Finally, Stordahl Capital Management Inc. acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at $253,000.

iShares Bitcoin Trust Stock Up 0.6 %

Shares of IBIT opened at $48.26 on Monday. The stock’s fifty day simple moving average is $49.02 and its 200-day simple moving average is $50.19. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

About iShares Bitcoin Trust

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.