Fidelity Wise Origin Bitcoin Fund Target of Unusually Large Options Trading (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw unusually large options trading on Thursday. Stock traders acquired 24,294 call options on the stock. This is an increase of approximately 154% compared to the average daily volume of 9,561 call options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Avalon Trust Co purchased a new position in Fidelity Wise Origin Bitcoin Fund in the third quarter valued at about $25,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the fourth quarter worth about $26,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter valued at about $30,000. Anfield Capital Management LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter valued at about $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter valued at about $31,000.

Fidelity Wise Origin Bitcoin Fund Stock Up 1.0%

BATS FBTC opened at $61.98 on Friday. Fidelity Wise Origin Bitcoin Fund has a 12 month low of $54.21 and a 12 month high of $110.25. The company has a 50-day moving average of $68.17 and a 200-day moving average of $82.47.

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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.