Shares of CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.70 and last traded at $31.65, with a volume of 225455 shares traded. The stock had previously closed at $30.77.
CoinShares Valkyrie Bitcoin Fund Price Performance
The company's 50 day simple moving average is $29.88 and its 200 day simple moving average is $27.30.
Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund
Institutional investors have recently modified their holdings of the business. Farringdon Capital Ltd. bought a new stake in CoinShares Valkyrie Bitcoin Fund during the fourth quarter worth $1,098,000. Jane Street Group LLC raised its stake in shares of CoinShares Valkyrie Bitcoin Fund by 200.5% during the 4th quarter. Jane Street Group LLC now owns 222,285 shares of the company's stock worth $5,879,000 after purchasing an additional 148,311 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 61.3% in the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company's stock worth $26,000 after buying an additional 368 shares during the last quarter. Elequin Capital LP boosted its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 65,361.8% in the 4th quarter. Elequin Capital LP now owns 654,618 shares of the company's stock worth $17,315,000 after buying an additional 653,618 shares during the last quarter. Finally, Discipline Wealth Solutions LLC bought a new position in CoinShares Valkyrie Bitcoin Fund during the fourth quarter valued at about $235,000.
CoinShares Valkyrie Bitcoin Fund Company Profile
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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.
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