VanEck Bitcoin ETF (BATS:HODL) Reaches New 52-Week Low – Time to Sell?

VanEck Bitcoin ETF (BATS:HODL)’s share price reached a new 52-week low on Friday . The stock traded as low as $16.98 and last traded at $17.04, with a volume of 1330520 shares trading hands. The stock had previously closed at $17.97.

VanEck Bitcoin ETF Stock Performance

The company’s 50 day moving average price is $20.96 and its two-hundred day moving average price is $22.35.

Hedge Funds Weigh In On VanEck Bitcoin ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of VanEck Bitcoin ETF by 100,000.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,001 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of VanEck Bitcoin ETF by 185.3% during the second quarter. EverSource Wealth Advisors LLC now owns 913 shares of the company’s stock valued at $28,000 after buying an additional 593 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new stake in shares of VanEck Bitcoin ETF during the fourth quarter valued at $34,000. Bogart Wealth LLC purchased a new stake in shares of VanEck Bitcoin ETF during the fourth quarter valued at $42,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of VanEck Bitcoin ETF during the fourth quarter valued at $62,000.

About VanEck Bitcoin ETF

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency. HODL was launched on Jan 4, 2024 and is issued by VanEck.