iShares Bitcoin Trust ETF $IBIT Shares Acquired by PPSC Investment Service Corp

PPSC Investment Service Corp lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 19.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 566,000 shares of the company’s stock after acquiring an additional 94,000 shares during the quarter. iShares Bitcoin Trust ETF accounts for 1.7% of PPSC Investment Service Corp’s investment portfolio, making the stock its 6th largest position. PPSC Investment Service Corp’s holdings in iShares Bitcoin Trust ETF were worth $21,746,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $3,140,000. Royal Bank of Canada increased its stake in iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after buying an additional 2,148 shares during the period. Jones Financial Companies Lllp lifted its holdings in iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after buying an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $357,000.

iShares Bitcoin Trust ETF Trading Up 1.0%

NASDAQ:IBIT opened at $34.18 on Tuesday. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82. The stock has a fifty day moving average price of $40.65 and a 200 day moving average price of $42.96.

Key iShares Bitcoin Trust ETF News

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

• Negative Sentiment: Bitcoin ETF outflows crossed a record $4 billion in June, signaling sustained institutional selling pressure across the category. Bitcoin ETF outflows cross record $4 billion in June
• Negative Sentiment: Reports said IBIT suffered about $1.3 billion in outflows as investors reduced crypto exposure amid geopolitical uncertainty and weaker demand for “safe money” flows. BlackRock Bitcoin News: IBIT Suffers $1.3Bn Outflow as Iran Shakes Safe Money
• Negative Sentiment: More commentary highlighted record-high Bitcoin ETF outflows and growing worries about a broader “crypto winter,” which is weighing on IBIT sentiment. Bitcoin ETF Outflows Hit Record Highs As Crypto Winter Sets In
• Negative Sentiment: IBIT investors are being reported as deeply underwater, with the average holder now down significantly after Bitcoin’s decline, adding to selling pressure and negative sentiment. BlackRock’s IBIT Sees Average Investor Down 40% Amid Bitcoin Drop
• Neutral Sentiment: IBIT reportedly surpassed Fidelity in assets under management, but that relative scale milestone is being overshadowed by the broader selloff. iShares Bitcoin Trust ETF Tops Fidelity in Assets Under Management
• Neutral Sentiment: Articles promoting Bitcoin ETFs as a safer way to gain crypto exposure may support long-term interest in IBIT, but they do not offset the current outflow trend. You Want Bitcoin, Not the Exchange Horror Stories. These 3 ETFs Get You $25K in Crypto, No Sketchy Apps

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.