How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) was feeling positive again today. It is now down 9.45% over the past 5 days and is 7.94% higher in the year-to-date.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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 827,009 investors in the recent quarter, it has scored sector-average neutral 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 up 1.62% at $58.19. The main driver was the price of Bitcoin, which rose 1.14% to $102,448.94.
It was also helped by JPMorgan Chase (JPM) disclosing that it holds 5.28 million shares of the IBIT, a 64% increase over its previously reported holdings in June. The shares were worth $343 million as of September 30.
Earlier this week, JPM set an “Ultra-bullish” price prediction for Bitcoin of around $170,000. It believes that a recent reset in market leverage has cleared the way for significant upside, based on Bitcoin’s volatility relative to gold.