Valkyrie Bitcoin Fund (NASDAQ:BRRR) Shares Down 1% – Here’s Why

Valkyrie Bitcoin Fund (NASDAQ:BRRRGet Free Report)’s share price traded down 1% during mid-day trading on Friday . The stock traded as low as $19.49 and last traded at $19.59. Approximately 252,637 shares were traded during mid-day trading, a decline of 34% from the average session volume of 380,868 shares. The stock had previously closed at $19.79.

Valkyrie Bitcoin Fund Stock Performance

The stock’s 50-day moving average is $17.82 and its 200-day moving average is $17.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Valkyrie Bitcoin Fund in the first quarter valued at about $8,669,000. Susquehanna International Group LLP raised its holdings in Valkyrie Bitcoin Fund by 97.4% in the 2nd quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock valued at $6,452,000 after acquiring an additional 187,348 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Valkyrie Bitcoin Fund in the 2nd quarter worth approximately $603,000.

Valkyrie Bitcoin Fund Company Profile

(Get Free Report)

The Valkyrie Bitcoin Fund (BRRR) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a cold storage wallet. BRRR was launched on Jan 10, 2024 and is issued by Valkyrie.

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