CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $17.84 and last traded at $17.86. 11,627 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 279,449 shares. The stock had previously closed at $17.88.
CoinShares Valkyrie Bitcoin Fund Stock Performance
The stock’s 50 day moving average is $17.84 and its two-hundred day moving average is $19.64.
Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Keebeck Wealth Management boosted its stake in CoinShares Valkyrie Bitcoin Fund by 112.1% during the 3rd quarter. Keebeck Wealth Management now owns 64,150 shares of the company’s stock worth $2,074,000 after acquiring an additional 33,900 shares during the last quarter. Jane Street Group LLC increased its stake in 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 in the last quarter. IMC Chicago LLC bought a new stake in CoinShares Valkyrie Bitcoin Fund in the first quarter valued at approximately $422,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 44.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,656 shares of the company’s stock valued at $376,000 after buying an additional 6,044 shares during the period. Finally, Meitav Investment House Ltd. increased its position in shares of CoinShares Valkyrie Bitcoin Fund by 45.1% in the 1st quarter. Meitav Investment House Ltd. now owns 167,112 shares of the company’s stock valued at $3,197,000 after buying an additional 51,953 shares in the last quarter.
About CoinShares Valkyrie Bitcoin Fund
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.
See Also
- Five stocks we like better than CoinShares Valkyrie Bitcoin Fund
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for CoinShares Valkyrie Bitcoin Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoinShares Valkyrie Bitcoin Fund and related companies with MarketBeat.com's FREE daily email newsletter.
