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

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw some unusual options trading on Friday. Stock traders acquired 23,141 call options on the company. This is an increase of approximately 147% compared to the average volume of 9,375 call options.

Fidelity Wise Origin Bitcoin Fund Price Performance

BATS FBTC opened at $57.47 on Friday. The company has a 50 day simple moving average of $64.30 and a 200-day simple moving average of $80.03. Fidelity Wise Origin Bitcoin Fund has a 52-week low of $54.21 and a 52-week high of $110.25.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in shares of Fidelity Wise Origin Bitcoin Fund by 34,634,200.0% in the fourth quarter. Morgan Stanley now owns 692,686 shares of the company’s stock worth $52,803,000 after buying an additional 692,684 shares during the last quarter. Consolidated Portfolio Review Corp lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 441.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock worth $63,604,000 after purchasing an additional 680,313 shares during the last quarter. Capula Management Ltd lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 41.1% in the 3rd quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock worth $210,878,000 after purchasing an additional 615,620 shares during the last quarter. Millennium Management LLC boosted its position in Fidelity Wise Origin Bitcoin Fund by 5.9% during the third quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock worth $743,286,000 after purchasing an additional 414,799 shares during the period. Finally, HBK Investments L P boosted its position in Fidelity Wise Origin Bitcoin Fund by 77.0% during the second quarter. HBK Investments L P now owns 780,164 shares of the company’s stock worth $73,328,000 after purchasing an additional 339,498 shares during the period.

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.