Polar Asset Management Partners Inc. Sells 385,038 Shares of iShares Bitcoin Trust ETF $IBIT

Polar Asset Management Partners Inc. trimmed its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 65.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,682 shares of the company’s stock after selling 385,038 shares during the period. Polar Asset Management Partners Inc.’s holdings in iShares Bitcoin Trust ETF were worth $7,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $36.35 on Monday. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82. The business has a fifty day simple moving average of $37.37 and a two-hundred day simple moving average of $41.06.

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.