iShares Bitcoin Trust (NYSEARCA:IBIT) Stock Price Down 1.8% – Should You Sell?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report)’s stock price traded down 1.8% on Thursday . The company traded as low as $60.52 and last traded at $60.70. 36,201,515 shares changed hands during trading, a decline of 20% from the average session volume of 45,310,805 shares. The stock had previously closed at $61.84.

iShares Bitcoin Trust Stock Performance

The business has a 50-day simple moving average of $55.53 and a two-hundred day simple moving average of $54.19.

iShares Bitcoin Trust Company Profile

(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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