Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down to $54.33

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) shares gapped down prior to trading on Wednesday . The stock had previously closed at $54.33, but opened at $52.36. Fidelity Wise Origin Bitcoin Fund shares last traded at $51.90, with a volume of 460,006 shares changing hands.

Fidelity Wise Origin Bitcoin Fund Stock Up 0.6 %

The stock has a 50 day moving average price of $53.63 and a 200 day moving average price of $55.51.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FBTC. Rise Advisors LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund during the 2nd quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 2nd quarter valued at about $27,000. Comerica Bank acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $28,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 2nd quarter valued at about $31,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $39,000.

About Fidelity Wise Origin Bitcoin Fund

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.