CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) shares were up 4.2% during trading on Friday . The company traded as high as $33.44 and last traded at $33.42. Approximately 269,201 shares traded hands during mid-day 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 Stock Up 4.2%
The business has a 50 day moving average price of $30.00 and a 200 day moving average price of $27.34.
Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund
Hedge funds have recently bought and sold shares of the stock. Elequin Capital LP increased 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 purchasing an additional 653,618 shares in the last quarter. Jane Street Group LLC increased 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 valued at $5,879,000 after buying an additional 148,311 shares in the last quarter. Flow Traders U.S. LLC raised its position in shares of 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 acquiring an additional 42,300 shares during the period. Farringdon Capital Ltd. acquired a new position in shares of CoinShares Valkyrie Bitcoin Fund in the fourth quarter worth about $1,098,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter worth about $221,000.
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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