Castle Hook Partners LP Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Castle Hook Partners LP acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 732,884 shares of the company’s stock, valued at approximately $38,879,000. Castle Hook Partners LP owned 0.11% of iShares Bitcoin Trust at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brevan Howard Capital Management LP bought a new position in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $1,385,364,000. Symmetry Investments LP boosted its position 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 last quarter. Capula Management Ltd grew its stake in shares of 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 purchasing an additional 743,930 shares during the period. Tudor Investment Corp ET AL increased 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 valued at $426,976,000 after purchasing an additional 3,620,322 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $378,140,000.

iShares Bitcoin Trust Trading Down 2.8 %

IBIT opened at $53.63 on Tuesday. The firm’s 50 day simple moving average is $48.97 and its two-hundred day simple moving average is $51.48. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

iShares Bitcoin Trust 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.