Orion Porfolio Solutions LLC Has $2.05 Million Holdings in iShares Bitcoin Trust ETF $IBIT

Orion Porfolio Solutions LLC boosted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 75.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,424 shares of the company’s stock after purchasing an additional 14,400 shares during the period. Orion Porfolio Solutions LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,046,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IBIT. Capula Management Ltd grew its stake in shares of iShares Bitcoin Trust ETF by 22.5% during the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after acquiring an additional 1,739,073 shares in the last quarter. Mubadala Investment Co PJSC boosted its holdings in iShares Bitcoin Trust ETF by 6.0% during the first quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock worth $408,510,000 after purchasing an additional 491,439 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in iShares Bitcoin Trust ETF in the second quarter valued at $408,082,000. Sculptor Capital LP increased its stake in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after buying an additional 1,673,788 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in iShares Bitcoin Trust ETF by 1,119.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after buying an additional 2,953,342 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $49.85 on Friday. The business has a 50-day moving average of $55.77 and a 200-day moving average of $61.32. iShares Bitcoin Trust ETF has a fifty-two week low of $42.98 and a fifty-two week high of $71.82.

About iShares Bitcoin Trust ETF

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.