iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Gap Down – Should You Sell?

iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $57.80, but opened at $56.41. iShares Bitcoin Trust shares last traded at $57.12, with a volume of 11,536,559 shares traded.

iShares Bitcoin Trust Trading Up 0.3 %

The firm’s 50 day simple moving average is $45.15 and its two-hundred day simple moving average is $38.92.

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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