VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Shares Gap Up – Still a Buy?

Shares of VanEck Bitcoin Trust ETF (NYSEARCA:HODL) gapped up before the market opened on Monday . The stock had previously closed at $23.80, but opened at $26.35. VanEck Bitcoin Trust ETF shares last traded at $25.35, with a volume of 262,201 shares trading hands.

VanEck Bitcoin Trust ETF Stock Up 4.2 %

The firm has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $23.39.

Institutional Investors Weigh In On VanEck Bitcoin Trust ETF

Several institutional investors have recently bought and sold shares of HODL. Hunting Hill Global Capital LLC purchased a new position in VanEck Bitcoin Trust ETF during the 4th quarter worth $31,077,000. NEOS Investment Management LLC purchased a new position in shares of VanEck Bitcoin Trust ETF in the fourth quarter worth $10,017,000. Flow Traders U.S. LLC lifted its stake in shares of VanEck Bitcoin Trust ETF by 250.7% during the third quarter. Flow Traders U.S. LLC now owns 107,265 shares of the company’s stock worth $7,705,000 after buying an additional 76,682 shares during the period. Syon Capital LLC purchased a new stake in shares of VanEck Bitcoin Trust ETF during the fourth quarter valued at $7,727,000. Finally, Avalon Capital Management acquired a new position in shares of VanEck Bitcoin Trust ETF in the 4th quarter valued at $6,632,000.

About VanEck Bitcoin Trust ETF

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency.