Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Trading Up 2.8% – Time to Buy?

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC)’s share price traded up 2.8% on Friday . The stock traded as high as $68.28 and last traded at $67.48. 6,898,972 shares were traded during mid-day trading, an increase of 11% from the average session volume of 6,229,625 shares. The stock had previously closed at $65.63.

Fidelity Wise Origin Bitcoin Fund Trading Up 2.8%

The stock’s fifty day moving average price is $60.69 and its 200-day moving average price is $76.16.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avalon Trust Co purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth $25,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Fidelity Wise Origin Bitcoin Fund in the 4th quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at about $30,000. Anfield Capital Management LLC acquired a new position in Fidelity Wise Origin Bitcoin Fund in the third quarter valued at about $30,000. Finally, Turning Point Benefit Group Inc. purchased a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter worth about $31,000.

Fidelity Wise Origin Bitcoin Fund Company Profile

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.