Valkyrie Bitcoin Fund (NASDAQ:BRRR) Shares Up 1.6%

Shares of Valkyrie Bitcoin Fund (NASDAQ:BRRR) shot up 1.6% on Tuesday . The stock traded as high as $18.23 and last traded at $18.21. 62,848 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 408,087 shares. The stock had previously closed at $17.92.

Valkyrie Bitcoin Fund Price Performance

The company has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $18.08.

Hedge Funds Weigh In On Valkyrie Bitcoin Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in shares of Valkyrie Bitcoin Fund during the second quarter valued at approximately $603,000. IMC Chicago LLC bought a new position in shares of Valkyrie Bitcoin Fund during the first quarter valued at approximately $2,666,000. Susquehanna International Group LLP raised its holdings in shares of Valkyrie Bitcoin Fund by 97.4% during the second 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, Jane Street Group LLC bought a new position in Valkyrie Bitcoin Fund in the first quarter worth $8,669,000.

About Valkyrie Bitcoin Fund

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.