iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Gap Down – What’s Next?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $54.02, but opened at $52.35. iShares Bitcoin Trust shares last traded at $52.35, with a volume of 3,202,740 shares.

iShares Bitcoin Trust Stock Up 6.4 %

The stock has a 50 day moving average of $41.27 and a 200 day moving average of $37.70.

About iShares Bitcoin Trust

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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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