iShares Bitcoin Trust ETF Sees Significant Week-Over-Week Inflow
Today, we examine the week-over-week changes in shares outstanding among ETFs tracked by ETF Channel. A noteworthy example is the iShares Bitcoin Trust ETF (Symbol: IBIT), which has reported approximately $1.2 billion in inflows. This amount translates to a 1.8% increase in outstanding units, rising from 1,092,880,000 to 1,112,320,000.
The chart below illustrates IBIT’s one-year price performance along with its 200-day moving average:
According to the chart, IBIT has a 52-week low of $28.23 per share and a high of $61.75, with its last trade recorded at $59.60. Evaluating the latest share price against the 200-day moving average can offer valuable insights for technical analysis.
Exchange-traded funds (ETFs) operate similarly to stocks. However, instead of “shares,” investors trade “units.” These units can be exchanged like stocks but can also be created or destroyed to meet investor demand. Each week, we analyze the changes in shares outstanding to identify ETFs experiencing significant inflows or outflows. Creation of new units indicates that the underlying holdings must be purchased, while the destruction of units requires selling holdings, thereby affecting the individual components held within ETFs.
Click here to discover which nine other ETFs experienced notable inflows.
Also see:
- High Beta Stocks
- Funds Holding CSII
- MYFW Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
