JTC Employer Solutions Trustee Ltd Sells 359,345 Shares of iShares Bitcoin Trust ETF $IBIT

JTC Employer Solutions Trustee Ltd trimmed its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 86.4% in the 4th quarter, HoldingsChannel reports. The fund owned 56,616 shares of the company’s stock after selling 359,345 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in iShares Bitcoin Trust ETF were worth $2,809,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $436,239,000. Schonfeld Strategic Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 19.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after acquiring an additional 1,093,183 shares in the last quarter. Sculptor Capital LP raised its position in shares of iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after acquiring an additional 1,673,788 shares in the last quarter. 59 North Capital Management LP bought a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth $169,100,000. Finally, Crcm LP grew its stake in iShares Bitcoin Trust ETF by 37.7% during the 3rd quarter. Crcm LP now owns 2,214,074 shares of the company’s stock worth $143,915,000 after buying an additional 605,992 shares during the last quarter.

Key iShares Bitcoin Trust ETF News

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

Shares of IBIT stock opened at $41.56 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The stock’s fifty day moving average price is $42.24 and its 200 day moving average price is $45.45.

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.