VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Trading 5.1% Higher – Here’s What Happened

VanEck Bitcoin Trust ETF (NYSEARCA:HODL)’s share price shot up 5.1% on Monday . The stock traded as high as $25.12 and last traded at $24.96. 598,553 shares traded hands during trading, a decline of 48% from the average session volume of 1,159,603 shares. The stock had previously closed at $23.75.

VanEck Bitcoin Trust ETF Trading Down 1.8 %

The firm’s 50-day moving average price is $26.46 and its two-hundred day moving average price is $24.15.

Institutional Investors Weigh In On VanEck Bitcoin Trust ETF

Institutional investors have recently added to or reduced their stakes in the business. Mattson Financial Services LLC acquired a new position in VanEck Bitcoin Trust ETF during the fourth quarter worth about $977,000. IronOak Wealth LLC. acquired a new stake in shares of VanEck Bitcoin Trust ETF in the fourth quarter valued at about $1,995,000. Visionary Wealth Advisors raised its position in shares of VanEck Bitcoin Trust ETF by 11.5% in the 4th quarter. Visionary Wealth Advisors now owns 8,563 shares of the company’s stock valued at $905,000 after purchasing an additional 883 shares in the last quarter. Tidal Investments LLC grew its stake in VanEck Bitcoin Trust ETF by 4.1% in the fourth quarter. Tidal Investments LLC now owns 161,137 shares of the company’s stock worth $17,034,000 after purchasing an additional 6,357 shares in the last quarter. Finally, Eagle Global Advisors LLC acquired a new position in VanEck Bitcoin Trust ETF in the fourth quarter worth $465,000.

VanEck Bitcoin Trust ETF Company Profile

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.