iShares Bitcoin Trust ETF Sees $187.8 Million Inflow This Week

In recent trading activity, the iShares Bitcoin Trust ETF (Symbol: IBIT) experienced a significant inflow of approximately $187.8 million. This marks a 0.4% week-over-week increase in outstanding units, rising from 1,009,680,000 to 1,013,480,000.

The chart below illustrates IBIT’s price performance over the past year, specifically in relation to its 200-day moving average:

Over the last year, IBIT reached a low of $28.23 per share, while its high peaked at $61.75. The most recent trading price stands at $46.72. Examining this share price against the 200-day moving average can be informative for technical analysis. To learn more about this analysis approach, visit here.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade “units” instead of shares. These units can be bought and sold like stocks, but they can also be created or destroyed depending on investor demand. Each week, we track changes in shares outstanding to identify ETFs with substantial inflows, indicating new units created, or outflows, reflecting units removed from circulation. When new units are created, the underlying holdings of the ETF must be purchased. Conversely, the destruction of units typically involves selling underlying assets, which can impact the individual components held within the ETFs.

Click here to find out which 9 other ETFs had notable inflows »

Also see:

• NIQ market cap history
• UZB Historical Stock Prices
• MESA Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.