CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report)'s share price were up 4.2% on Friday . The company traded as high as $33.44 and last traded at $33.42. Approximately 269,201 shares traded hands during trading, a decline of 9% from the average daily volume of 297,228 shares. The stock had previously closed at $32.08.
CoinShares Valkyrie Bitcoin Fund Trading Down 2.9%
The stock's 50-day moving average is $30.14 and its two-hundred day moving average is $27.39.
Institutional Trading of CoinShares Valkyrie Bitcoin Fund
Several institutional investors and hedge funds have recently modified their holdings of BRRR. CoreCap Advisors LLC raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 61.3% during the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company's stock valued at $26,000 after purchasing an additional 368 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in CoinShares Valkyrie Bitcoin Fund during the first quarter valued at $209,000. OLD Mission Capital LLC purchased a new position in CoinShares Valkyrie Bitcoin Fund during the first quarter valued at $221,000. Discipline Wealth Solutions LLC purchased a new position in CoinShares Valkyrie Bitcoin Fund during the fourth quarter valued at $235,000. Finally, Farringdon Capital Ltd. purchased a new position in CoinShares Valkyrie Bitcoin Fund during the fourth quarter valued at $1,098,000.
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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