VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Shares Gap Down – Time to Sell?

VanEck Bitcoin Trust ETF (NYSEARCA:HODL) gapped down before the market opened on Tuesday . The stock had previously closed at $26.60, but opened at $25.19. VanEck Bitcoin Trust ETF shares last traded at $24.73, with a volume of 235,783 shares traded.

VanEck Bitcoin Trust ETF Price Performance

The company’s 50-day moving average is $27.83 and its two-hundred day moving average is $23.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Lifestyle Asset Management Inc. lifted its stake in VanEck Bitcoin Trust ETF by 2.7% during the third quarter. Lifestyle Asset Management Inc. now owns 5,909 shares of the company’s stock worth $424,000 after purchasing an additional 153 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of VanEck Bitcoin Trust ETF by 1.8% during the 3rd quarter. Main Street Financial Solutions LLC now owns 9,956 shares of the company’s stock valued at $715,000 after buying an additional 179 shares in the last quarter. Avior Wealth Management LLC lifted its position in VanEck Bitcoin Trust ETF by 136.5% in the 4th quarter. Avior Wealth Management LLC now owns 350 shares of the company’s stock worth $37,000 after buying an additional 202 shares during the last quarter. EnRich Financial Partners LLC boosted its stake in VanEck Bitcoin Trust ETF by 27.2% in the fourth quarter. EnRich Financial Partners LLC now owns 1,413 shares of the company’s stock worth $149,000 after buying an additional 302 shares in the last quarter. Finally, Newton One Investments LLC bought a new position in VanEck Bitcoin Trust ETF during the fourth quarter valued at approximately $35,000.

About VanEck Bitcoin Trust ETF

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency.