Galaxy Digital Capital Management GP LLC Decreases Holdings in iShares Bitcoin Trust ETF $IBIT

Galaxy Digital Capital Management GP LLC reduced its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 77.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,650 shares of the company’s stock after selling 81,273 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 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 quarter.

A number of other large investors have also made changes to their positions in the business. McIlrath & Eck LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after purchasing an additional 163 shares during the last quarter. Vivaldi Capital Management LP increased its position in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after buying an additional 163 shares in the last quarter. Thoroughbred Financial Services LLC raised its stake in iShares Bitcoin Trust ETF by 3.3% in the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after buying an additional 172 shares during the last quarter. Consolidated Portfolio Review Corp raised its stake in iShares Bitcoin Trust ETF by 2.3% in the third quarter. Consolidated Portfolio Review Corp now owns 7,851 shares of the company’s stock valued at $510,000 after buying an additional 174 shares during the last quarter. Finally, Gilbert & Cook Inc. boosted its holdings in iShares Bitcoin Trust ETF by 2.5% in the fourth quarter. Gilbert & Cook Inc. now owns 7,931 shares of the company’s stock worth $394,000 after acquiring an additional 196 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT stock opened at $35.62 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $33.48 and a fifty-two week high of $71.82. The stock’s 50-day simple moving average is $41.54 and its 200-day simple moving average is $43.73.

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.