iShares Bitcoin Trust (NYSEARCA:IBIT) Shares Gap Up – Here’s Why

Shares of iShares Bitcoin Trust (NYSEARCA:IBITGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $43.69, but opened at $46.66. iShares Bitcoin Trust shares last traded at $47.19, with a volume of 20,747,203 shares traded.

iShares Bitcoin Trust Stock Performance

The company has a 50-day moving average of $36.55 and a 200 day moving average of $36.23.

iShares Bitcoin Trust Company Profile

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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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