iShares Bitcoin Trust (NYSEARCA:IBIT) Sets New 52-Week High – Should You Buy?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $59.16 and last traded at $57.99, with a volume of 31090696 shares. The stock had previously closed at $56.42.

iShares Bitcoin Trust Stock Up 2.5 %

The firm has a 50 day moving average price of $43.98 and a 200 day moving average price of $38.58.

iShares Bitcoin Trust Company Profile

(Get Free Report)

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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