Bull Oak Capital LLC Reduces Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Bull Oak Capital LLC reduced its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 49.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,522 shares of the company’s stock after selling 66,128 shares during the period. iShares Bitcoin Trust ETF accounts for about 1.9% of Bull Oak Capital LLC’s holdings, making the stock its 13th biggest position. Bull Oak Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in IBIT. Goldman Sachs Group Inc. increased its stake in iShares Bitcoin Trust ETF by 80.3% in the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after purchasing an additional 13,731,993 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in iShares Bitcoin Trust ETF in the second quarter valued at approximately $408,082,000. BSN CAPITAL PARTNERS Ltd purchased a new position in iShares Bitcoin Trust ETF in the first quarter valued at approximately $133,168,000. Senator Investment Group LP purchased a new position in iShares Bitcoin Trust ETF in the first quarter valued at approximately $59,215,000. Finally, Mariner Investment Group LLC purchased a new position in iShares Bitcoin Trust ETF in the second quarter valued at approximately $50,907,000.

iShares Bitcoin Trust ETF Trading Down 1.2%

Shares of iShares Bitcoin Trust ETF stock opened at $64.49 on Wednesday. iShares Bitcoin Trust ETF has a 52 week low of $38.17 and a 52 week high of $71.82. The firm’s 50 day moving average is $64.60 and its two-hundred day moving average is $62.00.

About iShares Bitcoin Trust ETF

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.