WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Shares Down 2.6% – Time to Sell?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s share price dropped 2.6% on Thursday . The stock traded as low as $100.75 and last traded at $100.83. Approximately 23,659 shares changed hands during trading, a decline of 34% from the average daily volume of 35,726 shares. The stock had previously closed at $103.52.

WisdomTree Bitcoin Fund Stock Up 0.4%

The stock’s fifty day moving average price is $96.32 and its 200-day moving average price is $112.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its position in WisdomTree Bitcoin Fund by 522.1% during the first quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock worth $3,319,000 after purchasing an additional 31,924 shares during the period. Private Advisor Group LLC raised its position in shares of WisdomTree Bitcoin Fund by 16.6% in the third quarter. Private Advisor Group LLC now owns 9,397 shares of the company’s stock valued at $1,140,000 after purchasing an additional 1,335 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of WisdomTree Bitcoin Fund during the 2nd quarter worth about $223,000. Financial Life Planners boosted its holdings in shares of WisdomTree Bitcoin Fund by 38.1% during the 3rd quarter. Financial Life Planners now owns 14,005 shares of the company’s stock worth $1,698,000 after buying an additional 3,864 shares during the period. Finally, Nautilus Advisors LLC bought a new stake in shares of WisdomTree Bitcoin Fund during the 3rd quarter worth about $226,000.

WisdomTree Bitcoin Fund Company Profile

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.