VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Trading Down 7.3% – Should You Sell?

VanEck Bitcoin Trust ETF (NYSEARCA:HODL) fell 7.3% during mid-day trading on Monday . The company traded as low as $21.41 and last traded at $22.01. 352,318 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,091,984 shares. The stock had previously closed at $23.75.

VanEck Bitcoin Trust ETF Price Performance

The firm has a 50-day moving average of $25.60 and a 200-day moving average of $24.56.

Institutional Trading of VanEck Bitcoin Trust ETF

Several institutional investors and hedge funds have recently bought and sold shares of HODL. Hunting Hill Global Capital LLC purchased a new stake in shares of VanEck Bitcoin Trust ETF in the fourth quarter worth about $31,077,000. NEOS Investment Management LLC acquired a new position in shares of VanEck Bitcoin Trust ETF in the 4th quarter valued at $10,017,000. Syon Capital LLC purchased a new stake in VanEck Bitcoin Trust ETF during the fourth quarter worth $7,727,000. Avalon Capital Management acquired a new stake in VanEck Bitcoin Trust ETF during the fourth quarter valued at $6,632,000. Finally, First Trust Advisors LP purchased a new position in VanEck Bitcoin Trust ETF in the fourth quarter valued at $4,078,000.

VanEck Bitcoin Trust ETF Company Profile

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.