AlTi Global Inc. Has $22.16 Million Stake in iShares Bitcoin Trust ETF $IBIT

AlTi Global Inc. lowered its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 19.8% during the third quarter, Holdings Channel reports. The institutional investor owned 341,764 shares of the company’s stock after selling 84,554 shares during the quarter. AlTi Global Inc.’s holdings in iShares Bitcoin Trust ETF were worth $22,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Capula Management Ltd boosted its position in shares of iShares Bitcoin Trust ETF by 22.5% during the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after acquiring an additional 1,739,073 shares in the last quarter. Sculptor Capital LP lifted its stake in iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after purchasing an additional 1,673,788 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock valued at $196,916,000 after purchasing an additional 2,953,342 shares in the last quarter. Mint Tower Capital Management B.V. boosted its holdings in iShares Bitcoin Trust ETF by 1,131.5% during the second quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock valued at $174,405,000 after purchasing an additional 2,617,925 shares in the last quarter. Finally, Harvard Management Co. Inc. bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $116,666,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $40.11 on Tuesday. The business has a 50 day simple moving average of $49.76 and a 200 day simple moving average of $57.96. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

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.