How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) is up 5.93% over the past 5 days and has gained over 32% in the 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 822,163 investors in the recent quarter, it has scored above-sector-average very positive sentiment. Those investors aged over 55 have been the most active.
Positive news helping the ETF today was comments from Arthur Hayes, chief investment officer and co-founder of Maelstrom. He said the Bitcoin bull run would continue and that the previous four-year market cycle which led to bear markets in 2014, 2018, and 2022 was “dead.”
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