Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Sets New 52-Week Low – Here’s Why

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $51.35 and last traded at $51.8650, with a volume of 5074064 shares. The stock had previously closed at $54.25.

Fidelity Wise Origin Bitcoin Fund Price Performance

The company’s fifty day moving average is $63.41 and its two-hundred day moving average is $66.89.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. RS Crum Inc. purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 3rd quarter valued at about $210,000. Mill Creek Capital Advisors LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund in the 3rd quarter worth approximately $248,000. RWA Wealth Partners LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth approximately $214,000. Anfield Capital Management LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth approximately $30,000. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 17.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,525 shares of the company’s stock worth $851,000 after purchasing an additional 1,293 shares during the last quarter.

Fidelity Wise Origin Bitcoin Fund Company Profile

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.