iShares Bitcoin Trust ETF $IBIT Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,821 shares of the company’s stock after buying an additional 26,355 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in IBIT. Texas Capital Bank Wealth Management Services Inc lifted its stake in iShares Bitcoin Trust ETF by 9,320.0% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,032,648 shares of the company’s stock worth $100,921,000 after purchasing an additional 2,011,070 shares during the last quarter. Coordinated Financial Services Inc. boosted its holdings in iShares Bitcoin Trust ETF by 5.3% in the fourth quarter. Coordinated Financial Services Inc. now owns 10,455 shares of the company’s stock valued at $519,000 after purchasing an additional 525 shares in the last quarter. Melia Wealth LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $256,000. Steel Grove Capital Advisors LLC acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth approximately $22,521,000. Finally, Malaga Cove Capital LLC raised its holdings in iShares Bitcoin Trust ETF by 5.8% during the fourth quarter. Malaga Cove Capital LLC now owns 5,107 shares of the company’s stock worth $254,000 after purchasing an additional 282 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $41.56 on Friday. The firm has a 50 day simple moving average of $42.24 and a 200-day simple moving average of $45.45. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

iShares Bitcoin Trust ETF News Summary

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 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.