iShares Bitcoin Trust (NYSEARCA:IBIT) Hits New 52-Week High – Here’s Why

Shares of iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $49.92 and last traded at $49.53, with a volume of 29665358 shares trading hands. The stock had previously closed at $49.57.

iShares Bitcoin Trust Stock Up 3.0 %

The firm has a 50 day moving average price of $36.87 and a 200-day moving average price of $36.32.

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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