iShares Bitcoin Trust ETF $IBIT Shares Sold by SkyBridge Capital II LLC

SkyBridge Capital II LLC lowered its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 28.5% in the first quarter, Holdings Channel reports. The firm owned 149,916 shares of the company’s stock after selling 59,683 shares during the period. iShares Bitcoin Trust ETF comprises about 38.7% of SkyBridge Capital II LLC’s holdings, making the stock its 2nd biggest position. SkyBridge Capital II LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $436,239,000. Mubadala Investment Co PJSC boosted its holdings in shares of iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after buying an additional 3,975,351 shares during the period. Walleye Capital LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 332.4% during the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after buying an additional 3,319,115 shares during the period. Marshall Wace LLP grew its stake in iShares Bitcoin Trust ETF by 229.8% in the 4th quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after buying an additional 2,402,259 shares during the last quarter. Finally, Morgan Stanley raised its holdings in iShares Bitcoin Trust ETF by 21.5% in the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after acquiring an additional 2,374,482 shares during the period.

iShares Bitcoin Trust ETF Trading Down 1.7%

Shares of IBIT opened at $36.14 on Wednesday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The company’s fifty day moving average price is $37.09 and its 200 day moving average price is $40.84.

iShares Bitcoin Trust ETF 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.