iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Up 1.1% – Here’s Why

Shares of iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report) traded up 1.1% on Tuesday . The stock traded as high as $53.25 and last traded at $52.66. 75,055,044 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 48,322,938 shares. The stock had previously closed at $52.10.

iShares Bitcoin Trust Stock Performance

The business has a 50 day moving average price of $62.95 and a two-hundred day moving average price of $62.76.

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.

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