CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report)’s share price shot up 2% during mid-day trading on Tuesday . The stock traded as high as $18.87 and last traded at $18.73. 36,620 shares traded hands during trading, a decline of 88% from the average daily volume of 306,610 shares. The stock had previously closed at $18.36.
CoinShares Valkyrie Bitcoin Fund Trading Down 1.7%
The stock’s 50-day simple moving average is $18.75 and its 200 day simple moving average is $20.54.
Institutional Trading of CoinShares Valkyrie Bitcoin Fund
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its position in shares of CoinShares Valkyrie Bitcoin Fund by 236.3% in the second quarter. Jane Street Group LLC now owns 238,337 shares of the company’s stock valued at $7,262,000 after purchasing an additional 167,477 shares during the last quarter. CPR Investments Inc. lifted its holdings in CoinShares Valkyrie Bitcoin Fund by 63.0% during the 1st quarter. CPR Investments Inc. now owns 145,426 shares of the company’s stock worth $2,782,000 after purchasing an additional 56,189 shares during the last quarter. Meitav Investment House Ltd. lifted its holdings in CoinShares Valkyrie Bitcoin Fund by 45.1% during the 1st quarter. Meitav Investment House Ltd. now owns 167,112 shares of the company’s stock worth $3,197,000 after purchasing an additional 51,953 shares during the last quarter. Keebeck Wealth Management boosted its stake in CoinShares Valkyrie Bitcoin Fund by 112.1% in the 3rd quarter. Keebeck Wealth Management now owns 64,150 shares of the company’s stock valued at $2,074,000 after purchasing an additional 33,900 shares during the period. Finally, IMC Chicago LLC bought a new stake in CoinShares Valkyrie Bitcoin Fund in the 1st quarter valued at $422,000.
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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