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

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $33.95, but opened at $34.94. iShares Bitcoin Trust shares last traded at $34.99, with a volume of 1,695,331 shares.

iShares Bitcoin Trust Stock Performance

The company’s 50-day simple moving average is $34.22 and its 200 day simple moving average is $36.11.

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.

Further Reading

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