IvyRock Asset Management HK Ltd Has $26.36 Million Stake in iShares Bitcoin Trust ETF $IBIT

IvyRock Asset Management HK Ltd cut its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 33.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 405,500 shares of the company’s stock after selling 204,600 shares during the quarter. iShares Bitcoin Trust ETF accounts for 11.3% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 3rd biggest holding. IvyRock Asset Management HK Ltd’s holdings in iShares Bitcoin Trust ETF were worth $26,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of iShares Bitcoin Trust ETF by 1,119.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after acquiring an additional 2,953,342 shares during the period. Mint Tower Capital Management B.V. lifted its position in iShares Bitcoin Trust ETF by 1,131.5% in the second quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after purchasing an additional 2,617,925 shares during the period. Harvard Management Co. Inc. bought a new position in iShares Bitcoin Trust ETF in the second quarter worth $116,666,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in iShares Bitcoin Trust ETF during the second quarter worth $113,404,000. Finally, Capula Management Ltd increased its holdings in iShares Bitcoin Trust ETF by 22.5% in the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after buying an additional 1,739,073 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT stock opened at $39.23 on Thursday. The firm has a fifty day moving average of $46.60 and a 200-day moving average of $55.68. iShares Bitcoin Trust ETF has a 52-week low of $35.30 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.