Bitwise Bitcoin Strategy Optimum Roll ETF (NYSEARCA:BITC) Trading Up 0.5% – Should You Buy?

Bitwise Bitcoin Strategy Optimum Roll ETF (NYSEARCA:BITCGet Free Report)’s stock price traded up 0.5% during trading on Thursday . The company traded as high as $44.02 and last traded at $43.89. 12,919 shares were traded during mid-day trading, an increase of 47% from the average session volume of 8,795 shares. The stock had previously closed at $43.65.

Bitwise Bitcoin Strategy Optimum Roll ETF Trading Down 4.0 %

The firm’s 50-day moving average is $44.61 and its two-hundred day moving average is $51.61.

Bitwise Bitcoin Strategy Optimum Roll ETF Company Profile

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The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes.

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