iShares Bitcoin Trust (NASDAQ:IBIT) Sees Large Volume Increase - What's Next?
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iShares Bitcoin Trust (NASDAQ:IBIT) experienced a significant increase in trading volume, with approximately 17.9 million shares traded, a 46% decline from the previous session. The stock last traded at $0.34, down from a previous close of $0.72. Institutional investors have been active, with notable increases in stakes from firms like Aristeia Capital and D.E. Shaw & Co. The fund, launched by BlackRock, aims to track Bitcoin's spot price and has a "Hold" rating from analysts, who suggest other stocks may be better investments.
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