IvyRock Asset Management HK Ltd Has $32.50 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

IvyRock Asset Management HK Ltd reduced its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 14.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 612,600 shares of the company’s stock after selling 105,000 shares during the quarter. iShares Bitcoin Trust accounts for 14.3% of IvyRock Asset Management HK Ltd’s holdings, making the stock its 2nd biggest position. IvyRock Asset Management HK Ltd’s holdings in iShares Bitcoin Trust were worth $32,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Proficio Capital Partners LLC lifted its position in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after acquiring an additional 4,573,794 shares during the period. NINE MASTS CAPITAL Ltd increased its stake in iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after purchasing an additional 346,918 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its stake in iShares Bitcoin Trust by 7.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock valued at $45,850,000 after purchasing an additional 58,469 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares Bitcoin Trust by 485.5% during the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock valued at $39,925,000 after purchasing an additional 624,036 shares during the period. Finally, Parallax Volatility Advisers L.P. boosted its position in shares of iShares Bitcoin Trust by 127.6% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after purchasing an additional 370,000 shares in the last quarter.

iShares Bitcoin Trust Stock Up 5.2 %

Shares of iShares Bitcoin Trust stock opened at $50.18 on Tuesday. The business has a 50-day simple moving average of $53.27 and a 200 day simple moving average of $48.42. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

iShares Bitcoin Trust 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.