How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) was higher again today. It is now down only 0.99% over the past 5 days, and 17.93% higher in the year-to-date.
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According to TipRanks technical analysis, the IBIT is now at a Strong Sell consensus based on 10 Bearish, 5 Neutral and 7 Bullish ratings.
Based on the activity of 824,797 investors in the recent quarter, it has scored above-sector-average very positive sentiment. Those investors aged between 35 and 55 have been the most active buyers.
In total 1.9% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT climbed 0.34% in mid-trading to $62.78. The main driver was the price of bitcoin, which increased 0.48% to $110,639,99.
It was helped by reports that JPMorgan (JPM), the largest U.S. commercial bank, is making preparations to permit its institutional clients to obtain loans using foremost digital assets, Bitcoin and Ether, as collateral certainly helped sentiment.
Research firm, Tiger Research was also positive projecting a $200,000 target for the fourth quarter, citing continued net market buying despite the sharp rise in volatility.
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