Garde Capital Inc. Buys 140,777 Shares of iShares Bitcoin Trust ETF $IBIT

Garde Capital Inc. increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 860.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 157,146 shares of the company’s stock after purchasing an additional 140,777 shares during the quarter. Garde Capital Inc.’s holdings in iShares Bitcoin Trust ETF were worth $7,802,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $436,239,000. Schonfeld Strategic Advisors LLC grew its position in iShares Bitcoin Trust ETF by 19.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares during the period. Sculptor Capital LP grew its position in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares during the period. 59 North Capital Management LP acquired a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at $169,100,000. Finally, Crcm LP grew its position in iShares Bitcoin Trust ETF by 37.7% in the 3rd quarter. Crcm LP now owns 2,214,074 shares of the company’s stock valued at $143,915,000 after purchasing an additional 605,992 shares during the period.

Key Stories Impacting iShares Bitcoin Trust ETF

Here are the key news stories impacting iShares Bitcoin Trust ETF this week:

• Positive Sentiment: One article argued that beginners are increasingly choosing BlackRock’s bitcoin ETF structure over crypto exchanges, highlighting IBIT’s ease of access, brand trust, and regulated wrapper as reasons it can remain a preferred vehicle for new investors. Bitcoin ETF News: Why Beginners Are Choosing BlackRock Over Crypto Exchanges
• Neutral Sentiment: Short-interest data showed 0 shares reported short, which does not currently indicate meaningful bearish positioning in the stock itself. This data point appears neutral for IBIT’s near-term trading outlook.
• Negative Sentiment: Multiple reports said BlackRock clients sold about $177 million of bitcoin exposure and that IBIT has continued to see fund outflows, signaling weaker demand for the ETF. BlackRock clients sell $177M worth of Bitcoin as IBIT outflows continue
• Negative Sentiment: Another report said IBIT saw roughly $527 million in outflows, reinforcing concerns that investors are pulling money from the fund and pressuring the shares. BlackRock’s IBIT Bitcoin ETF sees 527 million outflow: What is going on?
• Negative Sentiment: Additional coverage said Bitcoin ETFs, including IBIT, are seeing outflows as investors retreat from the “debasement trade,” with a separate article highlighting a $1.29 billion IBIT dark-pool sale and seven straight days of bleeding across Bitcoin ETFs. Bitcoin ETFs and gold see outflows as investors retreat from the debasement trade Whale unloads $1.29B in IBIT as Bitcoin ETFs extend seven day bleed
• Negative Sentiment: Several pieces also cited a record $1.29 billion block trade and a $1.3 billion dark-pool sale in IBIT, which coincided with weakness in bitcoin prices and likely added to negative sentiment around the ETF. BlackRock’s IBIT Sees Record $1.29B Bitcoin ETF Block Trade – As Crypto Faces ‘Identity Crisis’ Debate BlackRock’s IBIT Sees $1.3 Billion Dark Pool Sale as ETF Outflows Deepen Bitcoin’s recent drop coincides with $1.3B ‘dark pool’ ETF sale: Analyst

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $41.56 on Friday. The company has a fifty day simple moving average of $42.24 and a 200 day simple moving average of $45.45. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month 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.