How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) is down 8.25% over the past 5 days but has gained 24.79% in the year-to-date.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks technical analysis, the IBIT has a Strong Buy consensus based on 7 Bearish, 5 Neutral and 10 Bullish ratings.
Based on the activity of 822,842 investors in the recent quarter, it has scored above-sector-average very positive sentiment. Those investors aged over 55 have been the most active.
Today’s Performance
Today the IBIT dropped nearly 2% in mid-trading to $65.03. This was largely driven by a drop in the price of Bitcoin over the weekend as a result of President Trump’s new China tariff threats and continued concern over the link between the cryptocurrency and AI stocks.
Over the last five days, the Bitcoin price is down over 7%.
Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.