VanEck Bitcoin ETF (BATS:HODL) Sets New 1-Year Low – What’s Next?

VanEck Bitcoin ETF (BATS:HODL) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $16.70 and last traded at $16.84, with a volume of 1438578 shares. The stock had previously closed at $17.62.

VanEck Bitcoin ETF Trading Up 0.8%

The firm has a 50-day moving average of $20.44 and a two-hundred day moving average of $21.59.

Institutional Trading of VanEck Bitcoin ETF

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of VanEck Bitcoin ETF by 22.4% in the fourth quarter. Van ECK Associates Corp now owns 5,036,226 shares of the company’s stock worth $124,546,000 after acquiring an additional 922,199 shares during the period. Jane Street Group LLC increased its stake in shares of VanEck Bitcoin ETF by 4,372.1% in the 4th quarter. Jane Street Group LLC now owns 1,042,305 shares of the company’s stock valued at $25,776,000 after purchasing an additional 1,018,998 shares in the last quarter. Berger Financial Group Inc raised its holdings in VanEck Bitcoin ETF by 26.0% in the 1st quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock worth $16,449,000 after purchasing an additional 177,369 shares during the period. Bouchey Financial Group Ltd purchased a new position in VanEck Bitcoin ETF during the fourth quarter worth approximately $16,987,000. Finally, Tidal Investments LLC grew its holdings in VanEck Bitcoin ETF by 15.3% in the second quarter. Tidal Investments LLC now owns 637,078 shares of the company’s stock valued at $19,412,000 after purchasing an additional 84,465 shares during the period.

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.