iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 99.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,026 shares of the company’s stock after selling 6,463,716 shares during the quarter. Jane Street Group LLC’s holdings in iShares Bitcoin Trust were worth $398,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IBIT. Kovitz Investment Group Partners LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $526,000. Vienna Asset Management LLC raised its position in iShares Bitcoin Trust by 131.6% during the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after buying an additional 15,137 shares during the last quarter. WESCAP Management Group Inc. lifted its stake in shares of iShares Bitcoin Trust by 6.5% in the 3rd quarter. WESCAP Management Group Inc. now owns 24,899 shares of the company’s stock worth $900,000 after acquiring an additional 1,528 shares during the period. Stevens Capital Management LP purchased a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $9,108,000. Finally, Resurgent Financial Advisors LLC increased its stake in shares of iShares Bitcoin Trust by 10.0% during the third quarter. Resurgent Financial Advisors LLC now owns 34,224 shares of the company’s stock worth $1,237,000 after acquiring an additional 3,116 shares during the period.

iShares Bitcoin Trust Stock Down 5.8 %

Shares of IBIT opened at $54.79 on Wednesday. The stock’s 50 day moving average is $52.34 and its two-hundred day moving average is $41.23. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $61.75.

About iShares Bitcoin Trust

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.