VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Sees Strong Trading Volume – What’s Next?

VanEck Bitcoin Trust ETF (NYSEARCA:HODL) saw unusually-strong trading volume on Monday . Approximately 2,245,314 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,263,609 shares.The stock last traded at $24.54 and had previously closed at $25.53.

VanEck Bitcoin Trust ETF Stock Down 2.1%

The company has a 50 day moving average price of $28.37 and a 200 day moving average price of $30.67.

Hedge Funds Weigh In On VanEck Bitcoin Trust ETF

Large investors have recently made changes to their positions in the stock. NEOS Investment Management LLC increased its holdings in VanEck Bitcoin Trust ETF by 108.6% in the 3rd quarter. NEOS Investment Management LLC now owns 6,032,465 shares of the company’s stock valued at $195,271,000 after purchasing an additional 3,140,191 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of VanEck Bitcoin Trust ETF by 4.3% during the third quarter. Van ECK Associates Corp now owns 4,114,027 shares of the company’s stock worth $133,171,000 after buying an additional 170,543 shares during the period. Berger Financial Group Inc boosted its position in shares of VanEck Bitcoin Trust ETF by 3.6% during the third quarter. Berger Financial Group Inc now owns 644,296 shares of the company’s stock worth $20,856,000 after buying an additional 22,440 shares during the period. Tidal Investments LLC grew its stake in shares of VanEck Bitcoin Trust ETF by 15.3% in the second quarter. Tidal Investments LLC now owns 637,078 shares of the company’s stock valued at $19,412,000 after buying an additional 84,465 shares in the last quarter. Finally, Hunting Hill Global Capital LLC raised its holdings in shares of VanEck Bitcoin Trust ETF by 26.5% in the 3rd quarter. Hunting Hill Global Capital LLC now owns 505,015 shares of the company’s stock valued at $16,347,000 after buying an additional 105,926 shares during the period.

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.