Billionaires shift from Nvidia stock to Bitcoin ETF

Several hedge fund managers sold shares of Nvidia and invested in the iShares Bitcoin Trust in the fourth quarter. Israel Englander, Ken Griffin, and David Shaw reduced their Nvidia stakes while increasing their positions in the Bitcoin ETF. Nvidia reported strong financial results, with a 78% revenue increase, but its stock has fallen about 10% since then. Analysts suggest the decline may be due to a slight drop in gross margin, though Nvidia's GPUs remain key in AI technology. The iShares Bitcoin Trust has gained 35% over the past year, with some experts predicting significant future price increases. Factors like the adoption of Bitcoin ETFs and limited supply due to mining subsidies could drive demand and value higher.