CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report)'s share price were down 0.2% during trading on Thursday . The company traded as low as $31.64 and last traded at $31.65. Approximately 317,137 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 310,922 shares. The stock had previously closed at $31.70.
CoinShares Valkyrie Bitcoin Fund Stock Down 3.3%
The stock has a fifty day moving average price of $32.23 and a 200 day moving average price of $28.53.
Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its holdings in CoinShares Valkyrie Bitcoin Fund by 236.3% during the 2nd quarter. Jane Street Group LLC now owns 238,337 shares of the company's stock valued at $7,262,000 after acquiring an additional 167,477 shares during the period. Meitav Investment House Ltd. boosted its holdings in CoinShares Valkyrie Bitcoin Fund by 66.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 72,235 shares of the company's stock valued at $2,201,000 after acquiring an additional 28,874 shares during the period. OLD Mission Capital LLC purchased a new position in CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at $221,000. Flow Traders U.S. LLC boosted its holdings in CoinShares Valkyrie Bitcoin Fund by 158.9% during the 1st quarter. Flow Traders U.S. LLC now owns 68,913 shares of the company's stock valued at $1,606,000 after acquiring an additional 42,300 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at $209,000.
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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