iShares Bitcoin Trust (NASDAQ:IBIT) Stake Boosted by K2 Principal Fund L.P.

K2 Principal Fund L.P. increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,000 shares of the company’s stock after purchasing an additional 29,999 shares during the period. iShares Bitcoin Trust accounts for 1.6% of K2 Principal Fund L.P.’s portfolio, making the stock its 11th largest position. K2 Principal Fund L.P.’s holdings in iShares Bitcoin Trust were worth $14,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brevan Howard Capital Management LP acquired a new position in iShares Bitcoin Trust during the 4th quarter worth $1,385,364,000. Symmetry Investments LP lifted its holdings in iShares Bitcoin Trust by 3,605.8% in the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after purchasing an additional 12,336,673 shares during the period. D. E. Shaw & Co. Inc. grew its position in iShares Bitcoin Trust by 344.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock valued at $512,857,000 after buying an additional 7,494,123 shares in the last quarter. Capula Management Ltd increased its stake in iShares Bitcoin Trust by 8.7% during the 4th quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock valued at $491,714,000 after buying an additional 743,930 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in shares of iShares Bitcoin Trust by 81.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 8,048,552 shares of the company’s stock worth $426,976,000 after buying an additional 3,620,322 shares in the last quarter.

iShares Bitcoin Trust Trading Up 1.8 %

iShares Bitcoin Trust stock opened at $58.66 on Friday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The firm has a 50 day simple moving average of $49.60 and a 200-day simple moving average of $51.89.

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.