The iShares Bitcoin Trust ETF (IBIT) ended the week strongly. It is now down 4.87% in the last 5 days and up 2.05% in the year-to-date.
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According to technical analysis, the IBIT has a Sell rating based on 14 Bearish, 4 Neutral and 4 Bullish ratings.
Based on the activity of 850,585 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 up 1.87% at $51.62. The Bitcoin price was 1.5% higher at $90,806.
It was helped by the Nasdaq asking the U.S. Securities and Exchange Commission to loosen restrictions on options trading for spot Bitcoin and Ether funds. Reports that investment bank UBS (UBS) was considering offering crypto-investing to its private clients also helped sentiment.