iShares Bitcoin Trust ETF $IBIT Shares Purchased by Coatue Management LLC

Coatue Management LLC raised its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 134.7% in the third quarter, Holdings Channel.com reports. The fund owned 132,640 shares of the company’s stock after acquiring an additional 76,132 shares during the period. Coatue Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $8,622,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IBIT. Capula Management Ltd grew its stake 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 purchasing an additional 1,739,073 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 19.2% during the third 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 during the last quarter. Sculptor Capital LP lifted its stake in iShares Bitcoin Trust ETF by 59.5% during the second 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Bitcoin Trust ETF by 1,119.9% during the second 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. Finally, Mint Tower Capital Management B.V. grew its position in iShares Bitcoin Trust ETF by 1,131.5% in 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 buying an additional 2,617,925 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 1 year low of $35.30 and a 1 year high of $71.82. The business’s fifty day moving average is $44.15 and its two-hundred day moving average is $53.46.

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.