CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Shares Down 0.6% – Here’s What Happened

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR)’s share price dropped 0.6% on Monday . The company traded as low as $32.18 and last traded at $32.74. Approximately 469,499 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 316,388 shares. The stock had previously closed at $32.94.

CoinShares Valkyrie Bitcoin Fund Stock Down 0.6%

The business’s fifty day moving average price is $32.55 and its two-hundred day moving average price is $30.22.

Institutional Trading of CoinShares Valkyrie Bitcoin Fund

Several hedge funds and other institutional investors have recently bought and sold shares of BRRR. Jane Street Group LLC raised its holdings in CoinShares Valkyrie Bitcoin Fund by 236.3% during the 2nd quarter. Jane Street Group LLC now owns 238,337 shares of the company’s stock valued at $7,262,000 after buying an additional 167,477 shares during the period. Flow Traders U.S. LLC raised its holdings in CoinShares Valkyrie Bitcoin Fund by 158.9% during the 1st quarter. Flow Traders U.S. LLC now owns 68,913 shares of the company’s stock valued at $1,606,000 after buying an additional 42,300 shares during the period. Meitav Investment House Ltd. raised its holdings in CoinShares Valkyrie Bitcoin Fund by 66.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 72,235 shares of the company’s stock valued at $2,201,000 after buying an additional 28,874 shares during the period. OLD Mission Capital LLC purchased a new stake in CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at $221,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at $209,000.

CoinShares Valkyrie Bitcoin Fund Company Profile

The Valkyrie Bitcoin Fund (BRRR) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a cold storage wallet. BRRR was launched on Jan 10, 2024 and is issued by Valkyrie.