Polar Asset Management Partners Inc. Cuts Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Polar Asset Management Partners Inc. reduced its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 65.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 205,682 shares of the company’s stock after selling 385,038 shares during the period. Polar Asset Management Partners Inc.’s holdings in iShares Bitcoin Trust ETF were worth $7,902,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IBIT. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth about $436,239,000. Mubadala Investment Co PJSC raised its holdings in shares of iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after acquiring an additional 3,975,351 shares in the last quarter. Walleye Capital LLC raised its stake in iShares Bitcoin Trust ETF by 332.4% during the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after purchasing an additional 3,319,115 shares in the last quarter. Marshall Wace LLP raised its position in shares of iShares Bitcoin Trust ETF by 229.8% during the 4th quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after buying an additional 2,402,259 shares in the last quarter. Finally, Morgan Stanley raised its position in iShares Bitcoin Trust ETF by 21.5% during the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after purchasing an additional 2,374,482 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $36.35 on Monday. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82. The firm has a 50-day moving average price of $37.37 and a 200-day moving average price of $41.06.

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.