Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report) was up 0.4% during trading on Monday. The stock traded as high as $71.71 and last traded at $71.14. Approximately 1,903,659 shares were traded during trading, a decline of 60% from the average daily volume of 4,719,526 shares. The stock had previously closed at $70.85.
Fidelity Wise Origin Bitcoin Fund Stock Up 2.5%
The company’s 50 day moving average price is $68.63 and its two-hundred day moving average price is $63.06.
Institutional Trading of Fidelity Wise Origin Bitcoin Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBTC. Birchbrook Inc. raised its stake in Fidelity Wise Origin Bitcoin Fund by 106.1% during the 2nd quarter. Birchbrook Inc. now owns 505 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the period. Syntax Research Inc. purchased a new position in Fidelity Wise Origin Bitcoin Fund in the 2nd quarter worth approximately $40,000. Mather Group LLC. lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 76.2% in the 3rd quarter. Mather Group LLC. now owns 578 shares of the company’s stock worth $42,000 after purchasing an additional 250 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 676.2% in the 1st quarter. Fifth Third Bancorp now owns 815 shares of the company’s stock worth $48,000 after purchasing an additional 710 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Fidelity Wise Origin Bitcoin Fund by 2,950.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 915 shares of the company’s stock worth $54,000 after purchasing an additional 885 shares during the period.
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.
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