How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) was back in the doldrums today. It is now down 11.62% over the past 5 days and is 11.07% 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 14 Bearish, 2 Neutral and 6 Bullish ratings.
Based on the activity of 826,835 investors in the recent quarter, it has scored above-sector-average 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 was down 2.53% at $57.43. The main driver was the price of Bitcoin, which slipped 2.47% to $101,301.95.
This is despite a new survey from the Alternative Investment Management Association and PwC finding that hedge funds are increasingly adding cryptocurrency to their portfolios. The report found that 55% of traditional hedge funds now hold crypto, up from 47% in 2024.
Nearly half of the institutional investors surveyed were encouraged by the current U.S. regulatory climate, which includes the passage of the GENIUS Act for stablecoins.
This institutional embrace is echoed by banking giant JPMorgan (JPM), which set an “Ultra-bullish” price prediction for Bitcoin of around $170,000. According to Finbold, analysts at the bank believe a recent reset in market leverage has cleared the way for significant upside, based on Bitcoin’s volatility relative to gold.
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