Vivaldi Capital Management LP Invests $329,000 in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Vivaldi Capital Management LP purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,712 shares of the company's stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Millennium Management LLC boosted its position in iShares Bitcoin Trust ETF by 27.0% during the 4th quarter. Millennium Management LLC now owns 29,850,198 shares of the company's stock worth $1,583,553,000 after acquiring an additional 6,352,197 shares during the period. Brevan Howard Capital Management LP acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $1,385,364,000. Symmetry Investments LP boosted its position in iShares Bitcoin Trust ETF by 3,605.8% during the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock worth $672,611,000 after acquiring an additional 12,336,673 shares during the period. D. E. Shaw & Co. Inc. boosted its position in iShares Bitcoin Trust ETF by 344.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company's stock worth $512,857,000 after acquiring an additional 7,494,123 shares during the period. Finally, Capula Management Ltd boosted its position in iShares Bitcoin Trust ETF by 8.7% during the 4th quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock worth $491,714,000 after acquiring an additional 743,930 shares during the period.

iShares Bitcoin Trust ETF Trading Down 2.2%

NASDAQ IBIT traded down $1.40 during trading on Friday, reaching $61.83. 61,313,559 shares of the company's stock were exchanged, compared to its average volume of 45,736,426. iShares Bitcoin Trust ETF has a fifty-two week low of $28.23 and a fifty-two week high of $63.70. The company's fifty day simple moving average is $52.05 and its 200-day simple moving average is $53.30.

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.