CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.70 and last traded at $31.65, with a volume of 225455 shares changing hands. The stock had previously closed at $30.77.
CoinShares Valkyrie Bitcoin Fund Stock Performance
The firm's fifty day moving average price is $30.00 and its 200 day moving average price is $27.34.
Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund
Several institutional investors and hedge funds have recently modified their holdings of BRRR. Elequin Capital LP grew its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 65,361.8% during the 4th quarter. Elequin Capital LP now owns 654,618 shares of the company's stock valued at $17,315,000 after acquiring an additional 653,618 shares in the last quarter. Jane Street Group LLC boosted its holdings in CoinShares Valkyrie Bitcoin Fund by 200.5% in the fourth 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 in the last quarter. Flow Traders U.S. LLC boosted its holdings in CoinShares Valkyrie Bitcoin Fund by 158.9% in the first quarter. Flow Traders U.S. LLC now owns 68,913 shares of the company's stock worth $1,606,000 after purchasing an additional 42,300 shares in the last quarter. Farringdon Capital Ltd. bought a new stake in CoinShares Valkyrie Bitcoin Fund in the fourth quarter worth $1,098,000. Finally, OLD Mission Capital LLC bought a new stake in CoinShares Valkyrie Bitcoin Fund in the first quarter worth $221,000.
About CoinShares Valkyrie Bitcoin Fund
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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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