Zhang Financial LLC Grows Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Zhang Financial LLC boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,153 shares of the company’s stock after buying an additional 17,933 shares during the period. Zhang Financial LLC’s holdings in iShares Bitcoin Trust ETF were worth $16,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Laurore Ltd purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $436,239,000. Schonfeld Strategic Advisors LLC grew its position in shares of iShares Bitcoin Trust ETF by 19.2% during 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 in the last quarter. Sculptor Capital LP grew its position in shares of iShares Bitcoin Trust ETF by 59.5% during 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 in the last quarter. 59 North Capital Management LP purchased a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at $169,100,000. Finally, Crcm LP grew its position in shares of iShares Bitcoin Trust ETF by 37.7% during 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 in the last quarter.

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 Stock Performance

IBIT opened at $41.56 on Friday. The company has a fifty day moving average price of $42.24 and a 200-day moving average price of $45.45. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

iShares Bitcoin Trust ETF Company 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.