iShares Bitcoin Trust (NYSEARCA:IBIT – Get Free Report) dropped 4.5% on Monday . The company traded as low as $53.67 and last traded at $53.92. Approximately 56,022,980 shares changed hands during trading, an increase of 67% from the average daily volume of 33,521,727 shares. The stock had previously closed at $56.49.
iShares Bitcoin Trust Price Performance
The firm’s fifty day moving average price is $41.27 and its 200-day moving average price is $37.70.
About iShares Bitcoin Trust
The Defiance Daily Short Digitizing the Economy ETF (IBIT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that provides daily inverse (-1x) exposure to the Amplify Transformational Data Sharing ETF (BLOK). IBIT was launched on Sep 7, 2022 and is managed by Defiance.
Further Reading
- Five stocks we like better than iShares Bitcoin Trust
- ESG Stocks, What Investors Should Know
- Microsoft Stock Gets a $550 Price Target: Time to Get Excited
- Options Trading – Understanding Strike Price
- Trump Tariffs in Focus: 2 Chinese Stocks to Own and 2 to Avoid
- What is the FTSE 100 index?
- 2 Generic Drug Stocks Ready to Surge in 2025
Receive News & Ratings for iShares Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
