Nan Fung Group Holdings Ltd Takes $1.04 Million Position in iShares Bitcoin Trust ETF $IBIT

Nan Fung Group Holdings Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,968 shares of the company’s stock, valued at approximately $1,038,000. iShares Bitcoin Trust ETF makes up approximately 1.7% of Nan Fung Group Holdings Ltd’s portfolio, making the stock its 16th largest holding.

Several other large investors have also recently added to or reduced their stakes in IBIT. JPMorgan Chase & Co. boosted its holdings in iShares Bitcoin Trust ETF by 1,119.9% in the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after purchasing an additional 2,953,342 shares during the period. Mint Tower Capital Management B.V. raised its holdings in shares of iShares Bitcoin Trust ETF by 1,131.5% during the second quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after purchasing an additional 2,617,925 shares during the period. Harvard Management Co. Inc. acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth $116,666,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth about $113,404,000. Finally, Capula Management Ltd lifted its position in shares of iShares Bitcoin Trust ETF by 22.5% in the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after buying an additional 1,739,073 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Up 1.1%

NASDAQ IBIT opened at $40.37 on Friday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The company has a 50-day simple moving average of $44.15 and a 200-day simple moving average of $53.53.

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.