Bitwise Bitcoin Strategy Optimum Roll ETF (NYSEARCA:BITC – Get Free Report) shot up 4.9% during mid-day trading on Monday . The stock traded as high as $46.68 and last traded at $46.16. 22,873 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 21,397 shares. The stock had previously closed at $44.01.
Bitwise Bitcoin Strategy Optimum Roll ETF Price Performance
The stock has a 50-day moving average of $61.56 and a 200-day moving average of $51.66.
About Bitwise Bitcoin Strategy Optimum Roll ETF
The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes.
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