On August 21, iShares Bitcoin Trust rose 4.98% in pre-market trading, trading at $43.34/share, with turnover of $8.61 million.
On the news front, Bitcoin and crypto assets surged counter to equity market weakness, forming a clear divergence as the Dow fell 1.32% and S&P 500 dropped 0.87%. Crypto-related stock MARA Holdings jumped 15.5% with trading volume reaching 2.1 times its daily average, while IBIT options volume recently hit 3.6 times its 30-day average, signaling elevated institutional activity.
The rally builds on sustained institutional accumulation. Bitcoin ETFs recorded a single-day net inflow of $297.56 million earlier this week, with BlackRock's IBIT leading at $160.23 million. Q2 13F filings revealed institutional BTC ETF holdings grew 7.5% to 535,723 BTC despite a 14.2% price decline, driven by banks and quantitative funds. JPMorgan increased spot Bitcoin ETF positions by 25.5%, while Morgan Stanley added 23%, underscoring deep institutional conviction at current levels.
The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)