Syon Capital LLC Decreases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Syon Capital LLC decreased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,602 shares of the company’s stock after selling 71,575 shares during the quarter. Syon Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $11,300,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at about $436,239,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of 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 boosted its stake in shares of 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 shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at about $169,100,000. Finally, Crcm LP boosted its stake in shares of 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.

iShares Bitcoin Trust ETF Stock Down 5.2%

Shares of IBIT opened at $34.14 on Friday. The firm’s 50-day moving average price is $42.04 and its 200-day moving average price is $44.74. iShares Bitcoin Trust ETF has a 1-year low of $33.48 and a 1-year 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.