iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Down 4.5% – Should You Sell?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report)’s stock price fell 4.5% during mid-day trading on Monday . The stock traded as low as $53.67 and last traded at $53.92. 56,022,980 shares traded hands during trading, an increase of 67% from the average session volume of 33,521,727 shares. The stock had previously closed at $56.49.

iShares Bitcoin Trust Stock Up 6.4 %

The firm has a fifty day moving average of $41.27 and a 200-day moving average of $37.70.

iShares Bitcoin Trust Company Profile

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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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