Valkyrie Bitcoin Fund (NASDAQ:BRRR) Shares Down 1% – What’s Next?

Valkyrie Bitcoin Fund (NASDAQ:BRRR)’s share price traded down 1% during trading on Friday . The stock traded as low as $19.49 and last traded at $19.59. 252,637 shares traded hands during trading, a decline of 34% from the average session volume of 380,868 shares. The stock had previously closed at $19.79.

Valkyrie Bitcoin Fund Stock Down 1.0 %

The business has a 50 day simple moving average of $17.82 and a two-hundred day simple moving average of $17.94.

Hedge Funds Weigh In On Valkyrie Bitcoin Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in shares of Valkyrie Bitcoin Fund during the 2nd quarter valued at about $603,000. Susquehanna International Group LLP grew its position in Valkyrie Bitcoin Fund by 97.4% during the second quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock valued at $6,452,000 after acquiring an additional 187,348 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Valkyrie Bitcoin Fund during the first quarter valued at approximately $8,669,000.

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.