Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Trading Down 7.6%

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTCGet Free Report) traded down 7.6% on Friday . The company traded as low as $48.50 and last traded at $48.83. 2,119,414 shares were traded during mid-day trading, a decline of 76% from the average session volume of 8,963,414 shares. The stock had previously closed at $52.87.

Fidelity Wise Origin Bitcoin Fund Trading Down 6.5 %

The business has a 50 day simple moving average of $56.67.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBTC. Jane Street Group LLC acquired a new position in Fidelity Wise Origin Bitcoin Fund in the 1st quarter worth $185,228,000. IMC Chicago LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $22,893,000. Legacy Wealth Asset Management LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $21,882,000. United Capital Management of KS Inc. bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $21,684,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $17,322,000.

Fidelity Wise Origin Bitcoin Fund Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Fidelity Wise Origin Bitcoin Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Wise Origin Bitcoin Fund and related companies with MarketBeat.com's FREE daily email newsletter.