Glaxis Capital Management LLC Reduces Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Glaxis Capital Management LLC lowered its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 92.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,300 shares of the company’s stock after selling 54,000 shares during the quarter. Glaxis Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Caprock Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $1,536,000. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $711,000. Cassaday & Co Wealth Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 247.5% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 31,909 shares of the company’s stock worth $2,074,000 after purchasing an additional 22,727 shares during the last quarter. Concentrum Wealth Management raised its position in shares of iShares Bitcoin Trust ETF by 16.8% during the 3rd quarter. Concentrum Wealth Management now owns 133,870 shares of the company’s stock worth $8,702,000 after purchasing an additional 19,269 shares during the last quarter. Finally, Procyon Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 920.1% during the 4th quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock worth $11,301,000 after purchasing an additional 205,292 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $36.05 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $33.48 and a 1 year high of $71.82. The business has a 50 day moving average price of $41.84 and a 200 day moving average price of $44.28.

iShares Bitcoin Trust ETF 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.