Bearing Point Capital LLC reduced its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 55.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,770 shares of the company’s stock after selling 22,976 shares during the period. Bearing Point Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $932,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Impact Partnership Wealth LLC grew its stake in iShares Bitcoin Trust ETF by 13.8% in the 4th quarter. Impact Partnership Wealth LLC now owns 38,680 shares of the company’s stock worth $1,920,000 after acquiring an additional 4,683 shares in the last quarter. Acorn Wealth Advisors LLC grew its stake in iShares Bitcoin Trust ETF by 11.5% in the 4th quarter. Acorn Wealth Advisors LLC now owns 10,419 shares of the company’s stock worth $517,000 after acquiring an additional 1,074 shares in the last quarter. Zhang Financial LLC grew its stake in iShares Bitcoin Trust ETF by 5.8% in the 4th quarter. Zhang Financial LLC now owns 327,153 shares of the company’s stock worth $16,243,000 after acquiring an additional 17,933 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. grew its stake in iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Finally, Principia Wealth Advisory LLC grew its stake in iShares Bitcoin Trust ETF by 17.1% in the 4th quarter. Principia Wealth Advisory LLC now owns 30,614 shares of the company’s stock worth $1,520,000 after acquiring an additional 4,460 shares in the last quarter.
iShares Bitcoin Trust ETF Trading Up 0.2%
NASDAQ IBIT opened at $41.63 on Friday. The firm’s 50 day moving average price is $42.26 and its 200-day moving average price is $45.42. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82.
Key Headlines Impacting iShares Bitcoin Trust ETF
- 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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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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