Kaleidoscope Capital LP Cuts Position in iShares Bitcoin Trust ETF $IBIT

Kaleidoscope Capital LP lessened its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 527,752 shares of the company’s stock after selling 112,552 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 10.0% of Kaleidoscope Capital LP’s investment portfolio, making the stock its 3rd biggest holding. Kaleidoscope Capital LP’s holdings in iShares Bitcoin Trust ETF were worth $26,203,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Laurore Ltd acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $436,239,000. Schonfeld Strategic Advisors LLC increased its holdings in iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after buying an additional 1,093,183 shares during the last quarter. Macquarie Group Ltd. increased its holdings in iShares Bitcoin Trust ETF by 16.4% during the fourth quarter. Macquarie Group Ltd. now owns 5,126,143 shares of the company’s stock worth $254,513,000 after buying an additional 721,351 shares during the last quarter. Sculptor Capital LP increased its holdings in iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after buying an additional 1,673,788 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in iShares Bitcoin Trust ETF by 20.2% during the fourth quarter. LPL Financial LLC now owns 2,979,325 shares of the company’s stock worth $147,923,000 after buying an additional 500,120 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $36.04 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $33.48 and a 1-year high of $71.82. The company’s fifty day simple moving average is $41.79 and its 200 day simple moving average is $44.23.

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.