No wonder institutions changed hands to sell Nvidia to buy Bitcoin last week

$Riot Platforms (RIOT.US)$ Meanwhile, a number of successful hedge fund managers sold Nvidia shares in the first quarter to buy iShares Bitcoin Trust (IBIT.US), one of the recently approved spot Bitcoin ETFs.

Citadel Advisors' Ken Griffin sold 2.4 million Nvidia shares in the first quarter, reducing his holdings by 68%. Meanwhile, he began opening small positions with iShares Bitcoin Trust.

D.E. Shaw's David Shaw sold 1.4 million Nvidia shares in the first quarter, reducing his holdings by 38%. Meanwhile, he also bought iShares Bitcoin Trust in Kokura.