The iShares Bitcoin ETF Trust (IBIT) edged up higher today. It is now down 1.12% over the last 5 days and is up 1.97% in the year-to-date.
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According to technical analysis the IBIT has a Sell consensus based on 13 Bearish, 3 Neutral and 6 Bullish ratings.
Based on the activity of 851,108 investors in the recent quarter the IBIT has a below-sector-average Negative investor sentiment. Overall, 1.7% of all portfolios hold the IBIT.
Today’s IBIT Performance
Today, the IBIT was up 0.38% at $50.82. The Bitcoin price was flat at $89,200.
Investors were playing it cautious again today ahead of the latest Federal Reserve interest rate decision. As expected, the FED left rates unchanged between 3.5% and 3.75%. There were plenty of other reasons to stay on the sidelines with geopolitical threats increasing in Iran and concerns over the weak U.S. dollar.
Let’s see what tomorrow brings.