How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) is up 8.13% over the past five days and has gained about 29.63% year-to-date.
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According to TipRanks Technical Analysis, the IBIT has a Strong Buy consensus based on 5 Bearish, 2 Neutral and 15 Bullish ratings.
Based on the activity of 821,028 investors in the recent quarter, it has scored above sector average positive sentiment. Those investors aged over 55 have been the most active.
Hedge funds increased holdings by 901.4k shares last quarter. Based on the activity of 22 Hedge Funds in the recent quarter, they have a Neutral confidence signal.
Positive news from the sector today – BTC is up 2% to $123,026 in afternoon trading. That’s within striking distance of its record high of slightly more than $124,000, that was set in August of this year. The largest cryptocurrency has risen sharply in recent days after languishing below $110,000 for much of September.
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