BRC Group Holdings Inc. decreased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 57.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock after selling 13,500 shares during the period. iShares Bitcoin Trust ETF comprises 0.2% of BRC Group Holdings Inc.’s portfolio, making the stock its 11th largest holding. BRC Group Holdings Inc.’s holdings in iShares Bitcoin Trust ETF were worth $496,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in IBIT. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $436,239,000. 59 North Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at about $169,100,000. Consolidated Portfolio Review Corp lifted its stake in shares of iShares Bitcoin Trust ETF by 27,185.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock valued at $106,359,000 after purchasing an additional 2,134,334 shares during the period. Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of iShares Bitcoin Trust ETF by 9,320.0% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,032,648 shares of the company’s stock valued at $100,921,000 after purchasing an additional 2,011,070 shares during the period. Finally, Sculptor Capital LP lifted its stake in shares of iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares during the period.
iShares Bitcoin Trust ETF Trading Up 0.2%
Shares of NASDAQ IBIT opened at $41.63 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The firm has a 50-day moving average price of $42.26 and a 200 day moving average price of $45.42.
Key iShares Bitcoin Trust ETF News
- Positive Sentiment: Some investors are still choosing IBIT over crypto exchanges, suggesting BlackRock’s brand and ETF structure remain appealing for beginners and long-term allocators. Bitcoin ETF News: Why Beginners Are Choosing BlackRock Over Crypto Exchanges
- Neutral Sentiment: Short interest data showed 0 shares reported, offering little evidence of bearish positioning in the stock itself, though the data appears incomplete and may not be meaningful for trading.
- Negative Sentiment: Multiple reports say IBIT has seen very large outflows, including a reported $527 million outflow and other sizable redemptions, signaling investors are pulling money from the ETF. BlackRock’s IBIT Bitcoin ETF sees $527 million outflow: What is going on?
- Negative Sentiment: BlackRock clients reportedly sold about $177 million worth of Bitcoin, extending the outflow trend and adding to near-term pressure on IBIT. BlackRock clients sell $177M worth of Bitcoin as IBIT outflows continue
- Negative Sentiment: News of a $1.29 billion dark pool/block sale in IBIT raised concerns that a large whale was unloading a major position, even though Bitcoin itself did not crash. Bitcoin ETF News: BlackRock’s $1.3Bn IBIT Dark Pool Sale – Why Didn’t BTC Crash?
- Negative Sentiment: Additional coverage said Bitcoin ETFs, including IBIT, are seeing a seven-day streak of withdrawals as investors step back from the “debasement trade,” which could weigh on sentiment for the ETF. Bitcoin ETFs and gold see outflows as investors retreat from the debasement trade
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.
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