iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Gap Up – Should You Buy?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $47.90, but opened at $52.97. iShares Bitcoin Trust shares last traded at $50.92, with a volume of 34,310,368 shares trading hands.

iShares Bitcoin Trust Stock Up 4.2 %

The stock has a fifty day moving average of $55.03 and a 200 day moving average of $47.03.

About iShares Bitcoin Trust

(Get Free Report)

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.

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