SCS Capital Management LLC Sells 71,366 Shares of iShares Bitcoin Trust ETF $IBIT

SCS Capital Management LLC cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 55.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,317 shares of the company’s stock after selling 71,366 shares during the period. SCS Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,796,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. NewCorp Financial Services Inc. bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $668,000. Rothschild Wealth LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 103.4% in the fourth quarter. Rothschild Wealth LLC now owns 22,271 shares of the company’s stock valued at $1,106,000 after acquiring an additional 11,322 shares in the last quarter. Waterloo Capital L.P. grew its holdings in shares of iShares Bitcoin Trust ETF by 9.8% in the fourth quarter. Waterloo Capital L.P. now owns 71,928 shares of the company’s stock valued at $3,571,000 after acquiring an additional 6,438 shares in the last quarter. Prodigy Asset Management LLC bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $874,000. Finally, Titan Global Capital Management USA LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 2.1% in the fourth quarter. Titan Global Capital Management USA LLC now owns 620,804 shares of the company’s stock valued at $30,823,000 after acquiring an additional 12,517 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $40.49 on Tuesday. The stock has a fifty day simple moving average of $42.28 and a two-hundred day simple moving average of $45.19. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year 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.