iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Gap Up – Still a Buy?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $43.69, but opened at $46.66. iShares Bitcoin Trust shares last traded at $47.19, with a volume of 20,747,203 shares traded.

iShares Bitcoin Trust Price Performance

The company has a 50-day moving average price of $37.24 and a two-hundred day moving average price of $36.42.

About iShares Bitcoin Trust

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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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