SkyBridge Capital II LLC Has $21.84 Million Holdings in iShares Bitcoin Trust ETF $IBIT

SkyBridge Capital II LLC raised its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 9.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 356,777 shares of the company’s stock after acquiring an additional 31,667 shares during the period. iShares Bitcoin Trust ETF accounts for 30.5% of SkyBridge Capital II LLC’s portfolio, making the stock its 2nd largest position. SkyBridge Capital II LLC’s holdings in iShares Bitcoin Trust ETF were worth $21,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of IBIT. Evermay Wealth Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 15.8% in the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after acquiring an additional 150 shares during the last quarter. Vivaldi Capital Management LP raised its stake in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares during the last quarter. Osterweis Capital Management Inc. boosted its holdings in iShares Bitcoin Trust ETF by 10.8% in the 1st quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after purchasing an additional 177 shares during the period. Philadelphia Trust Co. grew its position in iShares Bitcoin Trust ETF by 1.5% in the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after purchasing an additional 180 shares during the last quarter. Finally, GSG Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 2.4% during the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after purchasing an additional 180 shares during the period.

iShares Bitcoin Trust ETF Stock Down 0.7%

Shares of IBIT opened at $52.10 on Friday. The company has a 50-day simple moving average of $58.15 and a 200-day simple moving average of $61.79. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week 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.