Shares of CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) were up 2% during trading on Tuesday . The stock traded as high as $18.87 and last traded at $18.73. Approximately 36,620 shares were traded during mid-day trading, a decline of 88% from the average session volume of 306,610 shares. The stock had previously closed at $18.36.
CoinShares Valkyrie Bitcoin Fund Stock Up 2.0%
The firm’s 50-day moving average price is $18.83 and its 200 day moving average price is $20.58.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BRRR. Jane Street Group LLC boosted its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 236.3% in the 2nd quarter. Jane Street Group LLC now owns 238,337 shares of the company’s stock valued at $7,262,000 after purchasing an additional 167,477 shares in the last quarter. CPR Investments Inc. raised its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 63.0% during the 1st quarter. CPR Investments Inc. now owns 145,426 shares of the company’s stock worth $2,782,000 after buying an additional 56,189 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 45.1% during the 1st quarter. Meitav Investment House Ltd. now owns 167,112 shares of the company’s stock worth $3,197,000 after buying an additional 51,953 shares in the last quarter. Keebeck Wealth Management lifted its position in shares of CoinShares Valkyrie Bitcoin Fund by 112.1% during the 3rd quarter. Keebeck Wealth Management now owns 64,150 shares of the company’s stock worth $2,074,000 after buying an additional 33,900 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter worth $422,000.
About CoinShares Valkyrie Bitcoin Fund
The Valkyrie Bitcoin Fund (BRRR) 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 price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a cold storage wallet. BRRR was launched on Jan 10, 2024 and is issued by Valkyrie.
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