Bitwise Bitcoin ETF (BITB)

Bitwise Bitcoin ETF is trading at $42.66, up 1.35% on the session. The 50 day average sits at $35.52 and the 200 day at $40.86, which puts the stock in a downtrend. RSI is at 71.1, which reads as overbought, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $33.91 with resistance near $43.88, so that band frames the current range. Average daily movement is roughly $1.17, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 70 out of 100 combines a trend score of 67, momentum of 84 and a risk score of 54.

In seeking to achieve its investment objective, the will trust will hold bitcoin and accrue the sponsor’s management fee (the “Sponsor Fee”) in U.S. dollars. The trust will value its bitcoin holdings, net assets and the shares daily based on the BRRNY. It is passively managed and does not pursue active management investment strategies, and the Sponsor does not actively manage the bitcoin held by the trust.