VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Trading 5.1% Higher – Time to Buy?

VanEck Bitcoin Trust ETF (NYSEARCA:HODL) traded up 5.1% on Monday . The stock traded as high as $25.12 and last traded at $24.96. 598,553 shares were traded during mid-day 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 Price Performance

The firm has a fifty day moving average of $26.50 and a 200-day moving average of $24.08.

Hedge Funds Weigh In On VanEck Bitcoin Trust ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Hunting Hill Global Capital LLC bought a new stake in VanEck Bitcoin Trust ETF in the 4th quarter valued at about $31,077,000. NEOS Investment Management LLC bought a new stake in VanEck Bitcoin Trust ETF in the fourth quarter worth about $10,017,000. Flow Traders U.S. LLC lifted its stake in VanEck Bitcoin Trust ETF by 250.7% during the third quarter. Flow Traders U.S. LLC now owns 107,265 shares of the company’s stock valued at $7,705,000 after purchasing an additional 76,682 shares during the last quarter. Syon Capital LLC acquired a new stake in shares of VanEck Bitcoin Trust ETF during the 4th quarter valued at $7,727,000. Finally, Avalon Capital Management purchased a new position in VanEck Bitcoin Trust ETF in the 4th quarter worth about $6,632,000.

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.