Graypoint LLC Sells 10,319 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Graypoint LLC lowered its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 61.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,541 shares of the company’s stock after selling 10,319 shares during the period. Graypoint LLC’s holdings in iShares Bitcoin Trust were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. IMC Chicago LLC bought a new stake in iShares Bitcoin Trust in the 3rd quarter valued at $323,337,000. D. E. Shaw & Co. Inc. grew its position in shares of iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares in the last quarter. Sculptor Capital LP increased its holdings in shares of iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. lifted its position in shares of iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after buying an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in iShares Bitcoin Trust during the 2nd quarter valued at approximately $56,965,000.

iShares Bitcoin Trust Stock Up 0.9 %

NASDAQ:IBIT opened at $53.84 on Friday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75. The stock’s 50 day simple moving average is $53.42 and its two-hundred day simple moving average is $41.71.

About iShares Bitcoin Trust

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.