iShares Bitcoin Trust ETF Target of Unusually High Options Trading (NASDAQ:IBIT)

iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw unusually large options trading on Thursday. Stock traders acquired 782,628 call options on the company. This is an increase of 36% compared to the average daily volume of 575,272 call options.

iShares Bitcoin Trust ETF Stock Down 3.6%

Shares of IBIT stock opened at $62.10 on Friday. iShares Bitcoin Trust ETF has a one year low of $33.47 and a one year high of $69.89. The company has a 50 day moving average price of $65.19 and a 200 day moving average price of $58.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position 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 acquiring an additional 13,731,993 shares in the last quarter. Capula Management Ltd grew its holdings in iShares Bitcoin Trust ETF by 22.5% during the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after purchasing an additional 1,739,073 shares in the last quarter. Mubadala Investment Co PJSC grew its holdings in iShares Bitcoin Trust ETF by 6.0% during the 1st quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after purchasing an additional 491,439 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth $408,082,000. Finally, Sculptor Capital LP lifted its holdings in 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 buying an additional 1,673,788 shares in the last quarter.

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.