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Bitcoin Dips Below $62,500 As Spot ETFs Book $235M Net Inflows
Benzinga (Tue, 8-Oct 9:21 AM ET)
The Trust's investment objective is to reflect the performance of the price of Bitcoin less the expenses of the Trust's operations. The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the price of bitcoin. The shares are physically backed by bitcoin and held in cold storage at a regulated, qualified custodian.
Vaneck Bitcoin Trust Common Shares Of Beneficial Interest trades on the BATS stock market under the symbol HODL.
As of October 8, 2024, HODL stock price declined to $70.33 with 74,934 million shares trading.
HODL has a beta of 0.81, meaning it tends to be less sensitive to market movements. HODL has a correlation of 0.04 to the broad based SPY ETF.
HODL has a market cap of $734.95 million. This is considered a Small Cap stock.
HODL support price is $70.03 and resistance is $73.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HODL shares will trade within this expected range on the day.