iShares Bitcoin Trust (NYSEARCA:IBIT) Sees Large Volume Increase – What’s Next?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 71,187,121 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 48,912,734 shares.The stock last traded at $47.17 and had previously closed at $48.96.

iShares Bitcoin Trust Stock Performance

The business has a 50 day simple moving average of $62.35 and a 200-day simple moving average of $62.58.

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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