The iShares Bitcoin Trust (IBIT) had a weak Wednesday. It is now up 7.33% over the past 5 days but down 2.88% in the year-to-date.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
According to TipRanks’ technical analysis, the IBIT is now at a Sell consensus based on 12 Bearish, 6 Neutral and 4 Bullish ratings.
Based on the activity of 831,456 investors in the recent quarter, it has scored an above sector-average positive sentiment. Those investors aged under 35 have been the most active buyers.
In total, 1.9% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT was down 0.11% at $52.79. The is despite the price of Bitcoin climbing 0.53% to $93,196.
It was helped by the Federal Reserve cutting interest rates as well as cryptocurrency asset manager Grayscale declaring that bitcoin will likely reach a new price record in 2026.
“We believe the four-year cycle thesis will prove to be incorrect, and that Bitcoin’s price will potentially make new highs next year,” Grayscale said.
Power up your ETF investing with TipRanks. Discover the etfs%2Fai-etfs&data=05%7C02%7Cdavid.craik%40tipranks.com%7C9d4e075e40f54cc9e47408de2a8003b6%7Ca1aceab6f2e54009b190cbd01a30d256%7C0%7C0%7C638994926467776348%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=2cKSijE0EGYAtLS5nrp97k5vFNjwLI%2B1nnM2ynGUJ6I%3D&reserved=0" target="_blank" rel="noreferrer noopener">Best AI ETFs, carefully curated based on TipRanks’ analysis.