WisdomTree Bitcoin Fund (BATS:BTCW) Trading Up 0.5% – Here’s What Happened

WisdomTree Bitcoin Fund (BATS:BTCW) was up 0.5% during trading on Thursday . The stock traded as high as $79.79 and last traded at $79.79. Approximately 9,993 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 47,000 shares. The stock had previously closed at $79.40.

WisdomTree Bitcoin Fund Price Performance

The company has a 50-day moving average price of $73.45 and a 200-day moving average price of $92.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of WisdomTree Bitcoin Fund in the 4th quarter worth $99,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of WisdomTree Bitcoin Fund by 545.6% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,330 shares of the company’s stock worth $161,000 after purchasing an additional 1,124 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of WisdomTree Bitcoin Fund in the 2nd quarter worth $223,000. Nautilus Advisors LLC bought a new position in shares of WisdomTree Bitcoin Fund in the 3rd quarter worth $226,000. Finally, Great Valley Advisor Group Inc. boosted its position in shares of WisdomTree Bitcoin Fund by 4.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,960 shares of the company’s stock worth $460,000 after purchasing an additional 225 shares during the last quarter.

WisdomTree Bitcoin Fund Company Profile

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.