iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) fell 4.1% during mid-day trading on Wednesday . The company traded as low as $31.61 and last traded at $31.66. 5,365,258 shares changed hands during trading, a decline of 82% from the average session volume of 30,653,473 shares. The stock had previously closed at $33.00.
iShares Bitcoin Trust Stock Down 0.6 %
The business's fifty day moving average is $34.53 and its 200-day moving average is $36.45.
Hedge Funds Weigh In On iShares Bitcoin Trust
Institutional investors and hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC bought a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust during the 2nd quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $30,000. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $30,000. Finally, International Assets Investment Management LLC bought a new stake in iShares Bitcoin Trust during the 2nd quarter worth approximately $31,000.
iShares Bitcoin Trust Company Profile
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Get Free Report)
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.
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