NewCorp Financial Services Inc. Buys New Shares in iShares Bitcoin Trust ETF $IBIT

NewCorp Financial Services Inc. bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,462 shares of the company’s stock, valued at approximately $668,000. iShares Bitcoin Trust ETF accounts for approximately 0.6% of NewCorp Financial Services Inc.’s portfolio, making the stock its 25th largest holding.

A number of other institutional investors also recently modified their holdings of the stock. Laurore Ltd acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $436,239,000. Schonfeld Strategic Advisors LLC increased its stake in iShares Bitcoin Trust ETF by 19.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares in the last quarter. Sculptor Capital LP increased its stake in iShares Bitcoin Trust ETF by 59.5% during the 2nd 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 in the last quarter. 59 North Capital Management LP bought a new stake in iShares Bitcoin Trust ETF during the 3rd quarter valued at $169,100,000. Finally, Crcm LP increased its stake in iShares Bitcoin Trust ETF by 37.7% during the 3rd quarter. Crcm LP now owns 2,214,074 shares of the company’s stock valued at $143,915,000 after purchasing an additional 605,992 shares in the last quarter.

Key iShares Bitcoin Trust ETF News

Here are the key news stories impacting iShares Bitcoin Trust ETF this week:

• 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 Stock Performance

Shares of IBIT stock opened at $41.63 on Monday. The firm has a fifty day simple moving average of $42.26 and a two-hundred day simple moving average of $45.32. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82.

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.