CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report)’s share price rose 2.6% during trading on Tuesday . The company traded as high as $26.73 and last traded at $26.32. Approximately 391,828 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 338,872 shares. The stock had previously closed at $25.65.
CoinShares Valkyrie Bitcoin Fund Trading Up 2.6%
The company’s 50-day simple moving average is $29.25 and its 200 day simple moving average is $30.82.
Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund
Several institutional investors and hedge funds have recently bought and sold shares of BRRR. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 542.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,993 shares of the company’s stock valued at $161,000 after purchasing an additional 4,216 shares during the last quarter. OLD Mission Capital LLC acquired a new position in CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at about $221,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in CoinShares Valkyrie Bitcoin Fund in the third quarter valued at about $543,000. IMC Chicago LLC acquired a new stake in CoinShares Valkyrie Bitcoin Fund in the third quarter worth about $1,904,000. Finally, Keebeck Wealth Management grew its stake in shares of CoinShares Valkyrie Bitcoin Fund by 112.1% during the third quarter. Keebeck Wealth Management now owns 64,150 shares of the company’s stock worth $2,074,000 after acquiring an additional 33,900 shares during the last quarter.
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.
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