Bitwise Bitcoin Strategy Optimum Roll ETF (NYSEARCA:BITC – Get Free Report) traded up 0.6% on Friday . The company traded as high as $39.22 and last traded at $38.99. 6,691 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 8,541 shares. The stock had previously closed at $38.76.
Bitwise Bitcoin Strategy Optimum Roll ETF Stock Performance
The stock has a fifty day simple moving average of $42.68 and a 200-day simple moving average of $50.86.
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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