iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Gap Down to $35.61

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $35.61, but opened at $28.33. iShares Bitcoin Trust shares last traded at $29.83, with a volume of 29,295,309 shares traded.

iShares Bitcoin Trust Trading Down 3.6 %

The stock’s 50-day simple moving average is $36.45 and its 200-day simple moving average is $35.16.

iShares Bitcoin Trust Company Profile

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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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