The iShares Bitcoin Trust ETF (IBIT) was lower again today. It is now down 3.23% in the last 5 days and up 2.94% in the year-to-date.
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According to technical analysis, the IBIT has a Strong Sell consensus based on 14 Bearish, 5 Neutral and 3 Bullish ratings.
Based on the activity of 850,452 investors in the recent quarter, the IBIT has a below-sector-average Neutral investor sentiment. Overall, 1.7% of all portfolios hold the IBIT.
Today’s IBIT Performance
Today, the IBIT was down 0.88% at $50.66. The main drag was the Bitcoin price, which was flat at $89,400.
Investors felt slightly perkier today after the threat to U.S. military action in Greenland and additional tariffs on European nations were averted. It was also helped by comments from Strategy (MSTR) boss Michael Saylor who said he was thinking about buying more Bitcoin.